Nevada § 616B.044 - Authority of successor organization to take credit for reinsurance
Full text of Nevada Nevada Revised Statutes § 616B.044 — Authority of successor organization to take credit for reinsurance, with citation guidance and answers to common questions.
§ 616B.044. Authority of successor organization to take credit for reinsurance
1. Any successor organization to the State Industrial Insurance System may take as
credit as an asset or as a deduction from liability on account of reinsurance for
reinsurance ceded to an assuming alien insurer with security based on discounted reserves
for losses that were maintained by the System for accounting periods beginning before
July 1, 1995, at a rate not to exceed 6 percent. 2. As used in this section, “alien insurer” has the meaning ascribed to it in NRS 679A.090 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 616B.044
What does Nevada Revised Statutes § 616B.044 cover?
Section 616B.044 ("Authority of successor organization to take credit for reinsurance") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 616B.044?
A common citation format is "Nevada Revised Statutes § 616B.044" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 616B.044 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.