{"data":{"id":"us-nv/nrs-686b.280","jurisdiction":"us-nv","citation":"NRS 686B.280","heading":"Conversion into domestic stock insurer: Filing and contents of notice of intent to qualify.","body":"1. An essential insurance association shall, whenever requested to do so by the Commissioner, file a notice of intent to qualify as a domestic stock insurer. In the absence of a request by the Commissioner, an essential insurance association may file such a notice whenever it considers it appropriate.\n2. The notice must be filed with the Commissioner at least 4 months before the date the association is to become a domestic stock insurer and must contain:\n(a) An application prepared pursuant to chapter 680A of NRS for a certificate of authority to transact business in Nevada as a domestic stock insurer;\n(b) A valuation of capital and surplus according to both market and amortized value based on the association’s annual financial statement for the previous year;\n(c) The value and number of shares of stock to which each insured is entitled; and\n(d) The terms of any proposal offering money or its equivalent in lieu of issuing fractional shares.","path":["TITLE 57 — INSURANCE","CHAPTER 686B - RATES AND ESSENTIAL INSURANCE","ESSENTIAL INSURANCE","Associations"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-686B.html#NRS686BSec280","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:46Z","sha256":"744972d59278279a5a67258ff7ba07926311a93e644ec75e3b3c5ff6bb3538b1","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-686b.270","next":"us-nv/nrs-686b.290"},"notice":"GroundRules: Original legal text. Not legal advice."}