2014 Nevada Revised Statutes
Chapter 695E - Liability Risk Retention
NRS 695E.100 - Purchasing group defined.
Purchasing group means any group which:
1. Has as one of its purposes the purchase of liability insurance on a group basis;
2. Purchases such insurance only for its members and only to cover their similar or related exposure to liability, as described in subsection 3;
3. Is composed of members whose businesses or activities are similar or related with respect to the liability to which they are exposed by virtue of any related, similar or common business, trade, product, services, premises or operations; and
4. Is domiciled in any state.
(Added to NRS by 1987, 1329)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
