694C.117 - “Protected cell” defined.
694C.117 “Protected cell” defined. “Protected cell” means a separate account established by a sponsored captive insurer in which assets are maintained for one or more participants in accordance with the terms of one or more participant contracts that fund the liability of the sponsored captive insurer assumed on behalf of the participants as set forth in the participant contracts.
(Added to NRS by 2005, 2148)