695E.150 - Identifying statement; plan of operation; Commissioner to serve as agent for service of process; filing fee.
695E.150 Identifying statement; plan of operation; Commissioner to serve as agent for service of process; filing fee. Before transacting insurance in this state, a risk retention group must submit to the Commissioner:
1. A statement of registration identifying:
(a) Each state in which the risk retention group is chartered or licensed as a liability insurer;
(b) The date of its charter;
(c) Its principal place of business; and
(d) Such other information, including information concerning its membership, as the Commissioner requires to verify its qualification as a risk retention group;
2. A copy of its plan of operation and any revisions of the plan submitted to its state of domicile, except with respect to any line or classification of liability that was:
(a) Defined in the Product Liability Risk Retention Act of 1981 before October 27, 1986; and
(b) Offered before that date by a risk retention group that had been chartered and operating for not less than 3 years before that date; and
3. A statement appointing the Commissioner as its agent for service of process pursuant to NRS 680A.250, together with the fee for filing a power of attorney required by subsection 4 of NRS 680B.010.
(Added to NRS by 1987, 1331; A 1995, 1783)