694C.120 - “Pure captive insurer” defined.
694C.120 “Pure captive insurer” defined. “Pure captive insurer” means a captive insurer that only insures risks of its parent and affiliated companies or controlled unaffiliated businesses and, unless otherwise provided by the Commissioner, includes a branch captive insurer.
(Added to NRS by 1999, 3208; A 2005, 2152)