Enterprise risk defined.
Nev. Rev. Stat. § 692C.055
in effectEnterprise risk means any activity, circumstance, event or series of events involving one or more affiliates of an insurer that, if not remedied promptly, is likely to have a material adverse effect on the financial condition or liquidity of the insurer or its insurance holding company system as a whole, including, without limitation, any activity, circumstance, event or series of events that may cause:
1. The risk-based capital of the insurer to fall below the minimum amount of risk-based capital required by regulations adopted pursuant to NRS 681B.290 ; or
2. The insurer to be in a hazardous financial condition as set forth in regulations adopted pursuant to NRS 680A.205 .
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-692C.htmlFetched: 10/4/2026