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2025 Nevada Revised Statutes
Chapter 694C - Captive Insurers
NRS 694C.113 - "Participant" defined.
Universal Citation:
NV Rev Stat § 694C.113 (2025)
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"Participant" means a corporation, association, limited-liability company, partnership, trust, sponsor or other business organization, and any affiliate thereof, that is insured by a sponsored captive insurer, where the losses of the participant are limited by a participant contract to the participant’s pro rata share of the assets of one or more protected cells identified in such participant contract.
(Added to NRS by 2005, 2147)
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