{"data":{"id":"us-nv/nrs-694c.200","jurisdiction":"us-nv","citation":"NRS 694C.200","heading":"Authorization to apply for license in certain circumstances; license required to transact insurance; penalty.","body":"1. A captive insurer, when authorized by its articles of association, articles of incorporation or charter, may apply to the Commissioner for a license to transact insurance.\n2. A captive insurer shall not transact insurance in this State unless the captive insurer first obtains a license from the Commissioner.\n3. A person who violates this section is subject to the provisions of, and shall be punished pursuant to, the Unauthorized Insurers Act set forth in NRS 685B.020 to 685B.087, inclusive.","path":["TITLE 57 — INSURANCE","CHAPTER 694C - CAPTIVE INSURERS","LICENSING"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-694C.html#NRS694CSec200","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:46Z","sha256":"778422c22756af76c7d38ff8a37cf100d1c4aa7ffc4309d918a37d9808dcf6a2","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-694c.195","next":"us-nv/nrs-694c.210"},"notice":"GroundRules: Original legal text. Not legal advice."}