NRS 692C.353: Requirements for exempt insurer no longer qualified for exemption.

If an insurer that qualifies for an exemption pursuant to NRS 692C.352 subsequently no longer qualifies for that exemption as a result of changes in premium as reflected in the insurer’s most recent annual statement, or in the most recent annual statements of the insurers within the insurance group of which the insurer is a member, the insurer shall have 1 year after the date on which the threshold is exceeded to comply with the requirements of NRS 692C.351 to 692C.3548, inclusive.