{"data":{"id":"us-nv/nrs-692c.359","jurisdiction":"us-nv","citation":"NRS 692C.359","heading":"Supervisory college: Commissioner may convene or participate; composition; agreements with other regulatory agencies.","body":"1. The Commissioner may, for any registered insurer who is part of an insurance holding company system with international operations, convene a supervisory college or participate in a supervisory college convened by a state, federal or international regulatory agency with authority over any insurer who is part of the insurance holding company system:\n(a) To determine whether or not the registered insurer is in compliance with the provisions of this chapter;\n(b) To assess the business strategy, financial position, legal and regulatory compliance, risk exposure, risk management and governance procedures of the registered insurer; or\n(c) As part of an examination of the registered insurer pursuant to NRS 692C.410.\n2. In convening a supervisory college pursuant to subsection 1, the Commissioner may, without limitation:\n(a) Establish:\n(1) The membership of the supervisory college;\n(2) The functions of the supervisory college; and\n(3) The role of each regulatory agency participating in the supervisory college;\n(b) Designate a regulatory agency as supervisor of the supervisory college; and\n(c) Coordinate the activities of the supervisory college, including, without limitation:\n(1) Meetings;\n(2) Supervisory activities; and\n(3) The sharing of information among members of the supervisory college.\n3. In convening or participating in a supervisory college pursuant to this section, the Commissioner may enter into agreements with other state, federal or international regulatory agencies concerning the governance of a supervisory college. Such an agreement must meet the confidentiality requirements of NRS 692C.420.\n4. The provisions of this section must not be construed to:\n(a) Limit the authority of the Commissioner; or\n(b) Delegate to any supervisory college the authority of the Commissioner to regulate a registered insurer or any affiliate of a registered insurer pursuant to this title.\n5. As used in this section, “supervisory college” means a temporary or permanent forum for communication and cooperation between regulators, including, without limitation, state, federal and international regulatory agencies which are charged with regulating and supervising an insurer.","path":["TITLE 57 — INSURANCE","CHAPTER 692C - HOLDING COMPANIES","MISCELLANEOUS PROVISIONS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-692C.html#NRS692CSec359","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:46Z","sha256":"1a0ca627bda338ca2c4e02f67021459ae81e1169dfffb5bb8c10270525ade60a","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-692c.357","next":"us-nv/nrs-692c.360"},"notice":"GroundRules: Original legal text. Not legal advice."}