Foreign insurers. Any foreign insurer engaged in the business of reinsuring credit insurance, except as described in paragraph (g) of subsection 2 of NRS 690A.260, before July 1, 1987, may continue that business:
1. Until 3 months after the effective date of a change in the ownership of its stock of 10 percent or more of the total stock issued; or
2. January 1, 1994,
Ê whichever occurs first. On or after January 1, 1994, every such insurer shall meet the requirements of this chapter.
Last modified: February 27, 2006