2014 Nevada Revised Statutes
Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation
NRS 696B.100 - Impairment defined.
Impairment exists as to:
1. A stock insurer when the insurer s assets do not at least equal the sum of its liabilities, including also its paid-in capital stock account and the minimum surplus required to be maintained under this Code for authority to transact the kinds of insurance transacted.
2. A mutual insurer when the insurer s assets do not at least equal the sum of the insurer s liabilities and the minimum surplus required under this Code to be maintained for authority to transact the kinds of insurance transacted.
(Added to NRS by 1971, 1885)
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