NRS 681A.270 - “Automatic agreement” defined.

NV Rev Stat § 681A.270 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

“Automatic agreement” means an agreement between a reinsured and reinsurer whereby the ceding company is obligated to cede certain risks as provided in the agreement and the reinsurer is obligated to accept.

(Added to NRS by 1995, 1760)