692C.270 - Registration statement: Contents.
692C.270 Registration statement: Contents. Every insurer subject to registration shall file a registration statement on a form provided by the Commissioner, which must contain current information about:
1. The capital structure, general financial condition, ownership and management of the insurer and any person controlling the insurer.
2. The identity of every member of the insurance holding company system.
3. The following agreements in force, relationships subsisting and transactions currently outstanding between the insurer and its affiliates:
(a) Loans, other investments or purchases, sales or exchanges of securities of the affiliates by the insurer or of the insurer by its affiliates.
(b) Purchases, sales or exchanges of assets.
(c) Transactions not in the ordinary course of business.
(d) Guarantees or undertakings for the benefit of an affiliate which result in an actual contingent exposure of the insurer’s assets to liability, other than insurance contracts entered into in the ordinary course of the insurer’s business.
(e) All management and service contracts and all cost-sharing arrangements, other than cost allocation arrangements based upon generally accepted accounting principles.
(f) Reinsurance agreements covering all or substantially all of one or more lines of insurance of the ceding company.
(g) Any dividend or other distribution made to a shareholder.
(h) Any consolidated agreement to allocate taxes.
4. Any pledge of the insurer’s stock, including the stock of any subsidiary or controlling affiliate of the insurer, for a loan made to any member of the insurance holding company system.
5. Any other matters concerning transactions between registered insurers and any affiliates as may be included from time to time in any registration forms adopted or approved by the Commissioner.
(Added to NRS by 1973, 1044; A 2003, 3325)