Commissioner authorized to exempt certain policies and contracts from provisions of Valuation Manual ; alternate applicable provisions; applicability.
Nev. Rev. Stat. § 681B.310
in effect1. The Commissioner may exempt specific product forms or product lines of a domestic company that is licensed and doing business only in this State from the requirements of NRS 681B.300 , if:
(a) The Commissioner has issued to the company a written exemption and has not subsequently revoked that written exemption; and
(b) The company computes reserves using assumptions and methods that were used before the operative date of the Valuation Manual , in addition to complying with any applicable requirements established in regulations adopted by the Commissioner.
2. If a company is granted an exemption as described in subsection 1, the provisions of NRS 681B.110 to 681B.260 , inclusive, apply to that company.
3. The provisions of this section apply only on or after the operative date of the Valuation Manual .
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-681B.htmlFetched: 10/4/2026