NRS 681A.1556: Certified reinsurer: Applicant certified in certain jurisdictions may be deemed by Commissioner to be certified in Nevada.

If an applicant for certification has been certified as a reinsurer in a National Association of Insurance Commissioners accredited jurisdiction, the Commissioner has the discretion to defer to that jurisdiction’s certification, and has the discretion to defer to the rating assigned by that jurisdiction, and such assuming insurer shall be considered to be certified in this State.