US lawNevadaStatutesTitle 57Chapter 681A681A.320Nev. Rev. Stat. § 681A.320“Facultative” defined.Last amended: 1995Year: 2026Length: 27 wordsOfficial source A submission is “facultative” if both the primary insurer and the reinsurer have the choice to accept or reject the submission. (Added to NRS by 1995, 1760)PreviousNev. Rev. Stat. § 681A.310NextNev. Rev. Stat. § 681A.330