2013 Nevada Revised Statutes
Chapter 692B - Formation and Capitalization of Domestic Stock and Mutual Insurers; Financing of Insurers and Holding Companies
NRS 692B.090 - Investigation.
1. Upon completion of the application for a permit under NRS 692B.070 and 692B.080, the Commissioner shall promptly cause an investigation to be made of:
(a) The identity, character, reputation, experience, financial standing and motives of the persons proposing to organize, promote or finance the insurer or organization;
(b) The character, financial responsibility, insurance management experience and business qualifications of the officers, directors and managers of the insurer or organization existing or proposed; and
(c) Such other aspects of the insurer, organization or proposed financing as the Commissioner deems advisable.
2. The Commissioner may, in the Commissioner s discretion, waive investigation with respect to the further financing of a domestic insurer already duly authorized to transact insurance in this state.
(Added to NRS by 1971, 1786)
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