Assembly Amendment to Assembly Bill No. 635 (BDR 57-1329)
Proposed by: Committee on Commerce and Labor
Amendment Box:
Amends: Summary: Title: Preamble: Joint Sponsorship:
ASSEMBLY ACTION
Initial and Date | SENATE ACTION Initial and DateAdopted Lost | Adopted Lost
Concurred In Not | Concurred In Not
Receded Not | Receded Not
Amend sec. 19, page 4, line 14, by deleting:
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qualified, experienced, registered or" and inserting:"
qualified and experienced".Amend sec. 21, page 5, by deleting lines 5 through 7 and inserting:
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examination of the applicant. The cost of those services".Amend sec. 25, page 6, by deleting line 7 and inserting:
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automatically renewable each year, unless the issuer gives written notice to the commissioner and the captive insurer at least 90 days before the expiration date.".Amend sec. 27, page 6, by deleting line 43 and inserting:
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automatically renewable each year, unless the issuer gives written notice to the commissioner and the captive insurer at least 90 days before the expiration date.".Amend the bill as a whole by adding a new section designated sec. 34.5, following sec. 34, to read as follows:
"Sec. 34.5.
Insurance provided by a captive insurer in accordance with this chapter may not be used to satisfy the requirements set forth in chapter 706 of NRS relating to the insurance required to be maintained by vehicles subject to the jurisdiction of the transportation services authority or taxicab authority, unless the transportation services authority or taxicab authority, as appropriate, specifically approves the use of insurance provided by a captive insurer for that purpose.".Amend sec. 39, page 12, line 41, before "
The" by inserting "1.".Amend sec. 39, page 12, after line 43, by inserting:
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2. An agency captive insurer, a rental captive insurer and an association captive insurer are subject to those provisions of chapter 686A of NRS which are applicable to insurers.".