2013 Nevada Revised Statutes
Chapter 694C - Captive Insurers
NRS 694C.110 - Parent defined.
Parent means a corporation, limited-liability company, partnership, association or other form of business organization that directly or indirectly owns, controls or holds with power to vote more than 50 percent of the outstanding voting securities of:
1. A pure captive insurer organized as a stock corporation; or
2. The membership of a pure captive insurer organized as a nonprofit corporation.
(Added to NRS by 1999, 3208; A 2005, 2152)
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.
