Nev. Admin. Code § 695D.290 - Determination of financial condition: Charges against assets

In determining the financial condition of an organization, the Division will charge against its assets:

1. The amount of its outstanding capital stock.

2. The amount necessary to pay any unpaid claims against the organization that are incurred on or before the date of its financial statement, whether the claims are reported or unreported, plus the expenses of adjusting those claims.

3. Unless a larger amount is required by NRS 695D.250, the amount of the unearned premium reserves of the organization, computed as provided in NRS 681B.080.

4. All taxes, expenses and other obligations of the organization that are due or accrued as of the date of its financial statement.

Notes

Nev. Admin. Code § 695D.290

Added to NAC by Comm'r of Insurance, eff. 12-2-88; A 5-27-92

NRS 679B.130, 695D.100