Nevada Revised Statutes 692A.170 – Foreign or alien title insurers required to maintain same reserves required of domestic insurers
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Each foreign or alien title insurer licensed to transact title insurance business in this state shall maintain the same reserves as are required of domestic insurers, unless the laws of the jurisdiction of domicile of the insurer requires a higher amount.
Terms Used In Nevada Revised Statutes 692A.170
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.