NRS 694C.155: Applicability of chapter 696B

of NRS to sponsored captive insurer.The provisions of chapter 696B of NRS apply to a sponsored captive insurer if:

1. The assets of a protected cell are not used to pay any expense or claim other than those that are attributable to the protected cell; and

2. The capital and surplus of the sponsored captive insurer are available at all times to pay any expenses of or claims against the sponsored captive insurer.