Nevada · Through 2025 session (NRS as revised 2026-08-25)

NRS 693A.575: Procedure for reorganization.

Where this section sits in the code

TITLE 57 — INSURANCE
CHAPTER 693A - CORPORATE POWERS AND PROCEDURES OF DOMESTIC STOCK AND MUTUAL INSURERS
REORGANIZATION OF MUTUAL INTO STOCK INSURER

A domestic mutual insurer may, by complying with NRS 693A.550 to 693A.665, inclusive, and obtaining the approval of the Commissioner, reorganize by:

1. Merging the membership interests of its policyholders into:

(a) A mutual insurance holding company formed for the purpose of the reorganization; or

(b) An existing mutual insurance holding company; and

2. Continuing the corporate existence of the mutual insurer as a stock insurer subsidiary of the mutual insurance holding company.

Collected 2026-09-03T05:51:46Z. Source file · JSON