“Hazardous financial condition” defined.

NRS 695E.050 “Hazardous financial condition” defined. “Hazardous financial condition” means that, based on its present or reasonably anticipated financial condition, a risk retention group, although not yet financially impaired or insolvent, is unlikely to be able to: 1. Meet obligations to policyholders with respect to known claims and reasonably anticipated claims; or 2. Pay other obligations in the normal course of business. (Added to NRS by 1987, 1328)