Use of securities as deposit without delivery to Commissioner.

Nev. Rev. Stat. § 682B.055
in effect
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The Commissioner: 1. May allow an insurer to use securities as a deposit or as a part of a deposit without delivering the securities to the Commissioner under the conditions specified in regulations adopted pursuant to subsection 1 of NRS 680A.140 . 2. Shall allow any successor organization to the State Industrial Insurance System that was established by section 79 of chapter 642, Statutes of Nevada 1981, at page 1449 , to use the money held in trust by the organization pursuant to NRS 616B.042 as a deposit or as a part of a deposit for authority to transact industrial insurance without delivering that money to the Commissioner.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-682B.htmlFetched: 10/4/2026

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