Nevada Revised Statutes 695E.050 – ‘Hazardous financial condition’ defined
Current as of: 2023 | Check for updates
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‘Hazardous financial condition’ means that, based on its present or reasonably anticipated financial condition, a risk retention group, although not yet financially impaired or insolvent, is unlikely to be able to:
1. Meet obligations to policyholders with respect to known claims and reasonably anticipated claims; or
2. Pay other obligations in the normal course of business.
