NRS 693A.405: “Closed block” defined.
Where this section sits in the code
- TITLE 57 — INSURANCE
- CHAPTER 693A - CORPORATE POWERS AND PROCEDURES OF DOMESTIC STOCK AND MUTUAL INSURERS
- CONVERSION OF MUTUAL INTO STOCK INSURER
“Closed block” means an allocation of assets of the converting mutual sufficient to maintain payments of guaranteed benefits and the continuation of the current dividends for eligible members.
Collected 2026-09-03T05:51:46Z. Source file · JSON