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2015 Nevada Revised Statutes
Chapter 692A - Title Insurance
NRS 692A.150 - Reserve against unpaid losses and loss expenses.

NV Rev Stat § 692A.150 (2015) What's This?

1. Each domestic title insurer shall establish and at all times maintain a reserve against:

(a) Unpaid losses; and

(b) Loss expenses,

↪ and § 2. Reserves required by this section may be revised from time to time and shall be redetermined at least once each year.

3. Amounts set aside in reserves in any year shall be deducted in determining the net profit of the year of the insurer.

(Added to NRS by 1977, 981)

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