There Is a Newer Version of the Nevada Revised Statutes
  1. 2025 Nevada Rev. Stat.
  2. 2024 Nevada Rev. Stat.
  3. 2023 Nevada Rev. Stat.
  4. 2011 Nevada Rev. Stat. (here)
  5. View All Versions
View Our Newest Version Here

2011 Nevada Revised Statutes
Chapter 695E - Liability Risk Retention
NRS 695E.080 - Plan of operation defined.

Universal Citation:
NV Rev Stat ยง 695E.080 (2011)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

Plan of operation means an analysis of the expected activities and results of a risk retention group, including:

1. The coverages, deductibles, limits of coverage, rates and systems of rating classification for each line of insurance the group intends to offer;

2. Historical and expected loss experience of the proposed members, and national experience of similar exposures to the extent that this experience is reasonably available;

3. Pro forma financial statements and projections;

4. Appropriate opinions by a qualified, independent casualty actuary, including a determination of minimum premium or participation levels required to commence operations and to prevent a hazardous financial condition;

5. Identification of management, underwriting procedures, policies for investment and methods for managerial oversight; and

6. Such other matters as are prescribed by the Commissioner for liability insurers authorized by the insurance laws of the state in which the risk retention group is chartered.

(Added to NRS by 1987, 1328)

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.