694C.113 - “Participant” defined.
694C.113 “Participant” defined. “Participant” means a corporation, association, limited-liability company, partnership, trust, sponsor or other business organization, and any affiliate thereof, that is insured by a sponsored captive insurer, where the losses of the participant are limited by a participant contract to the participant’s pro rata share of the assets of one or more protected cells identified in such participant contract.
(Added to NRS by 2005, 2147)