Association captive insurer defined.
Nev. Rev. Stat. § 694C.050
in effectAssociation captive insurer means a captive insurer that only insures risks of the member organizations of an association and the affiliated companies of those members if:
1. The association or the member organizations of the association:
(a) Have complete control over the power to vote all the outstanding voting securities of the association captive insurer, if the association captive insurer is incorporated as a stock insurer; or
(b) Have complete voting control over the captive insurer, if the captive insurer is formed as a mutual insurer; and
2. The member organizations of the association collectively constitute all the subscribers of the captive insurer, if the captive insurer is formed as a reciprocal insurer.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-694C.htmlFetched: 10/4/2026