Sponsor defined.
Nev. Rev. Stat. § 694C.143
in effectSponsor means an insurer licensed pursuant to the laws of any state, a reinsurer authorized or approved under the laws of any state, a captive insurer formed or licensed pursuant to this chapter or a person that:
1. Meets the requirements of subsection 3 of NRS 694C.180 or is approved as a sponsor by the Commissioner; and
2. Is approved by the Commissioner to provide all or part of the capital and surplus required by applicable law and to organize and operate a sponsored captive insurer.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-694C.htmlFetched: 10/4/2026