# Nev. Rev. Stat. § 692C.055: “Enterprise risk” defined

> Nevada · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C692C_S692C.055

## Section

- **Citation:** Nev. Rev. Stat. § 692C.055
- **Heading:** “Enterprise risk” defined
- **Jurisdiction:** Nevada
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NV Code / Title 57 / Chapter 692C / Section 692C.055

## Text

“ Enterprise risk ” means any activity, circumstance, event or series of events involving one or more affiliates of an insurer that, if not remedied promptly, is likely to have a material adverse effect on the financial condition or liquidity of the insurer or its insurance holding company system as a whole, including, without limitation, any activity, circumstance, event or series of events that may cause:

1. The risk-based capital of the insurer to fall below the minimum amount of risk-based capital required by regulations adopted pursuant to NRS 681B.290 ; or

2. The insurer to be in a hazardous financial condition as set forth in regulations adopted pursuant to NRS 680A.205 .

## Nearby sections

- [Nev. Rev. Stat. § 692C.010 Short title](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C692C_S692C.010.md)
- [Nev. Rev. Stat. § 692C.020 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C692C_S692C.020.md)
- [Nev. Rev. Stat. § 692C.025 “Acquisition” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C692C_S692C.025.md)
- [Nev. Rev. Stat. § 692C.030 “Affiliate” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C692C_S692C.030.md)
- [Nev. Rev. Stat. § 692C.040 “Commissioner” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C692C_S692C.040.md)
- [Nev. Rev. Stat. § 692C.050 “Control” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C692C_S692C.050.md)
- [Nev. Rev. Stat. § 692C.055 “Enterprise risk” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C692C_S692C.055.md)
- [Nev. Rev. Stat. § 692C.056 “Group Capital Calculation instructions” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C692C_S692C.056.md)
- [Nev. Rev. Stat. § 692C.057 “Insurance group” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C692C_S692C.057.md)
- [Nev. Rev. Stat. § 692C.060 “Insurance holding company system” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C692C_S692C.060.md)
- [Nev. Rev. Stat. § 692C.070 “Insurer” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C692C_S692C.070.md)
- [Nev. Rev. Stat. § 692C.075 “Involved insurer” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C692C_S692C.075.md)
- [Nev. Rev. Stat. § 692C.076 “NAIC” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C692C_S692C.076.md)
- [Nev. Rev. Stat. § 692C.077 “ORSA Guidance Manual” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C692C_S692C.077.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C692C_S692C.055. Check the current official text before relying on it. Not legal advice.