{"data":{"id":"us-nv/nrs-686b.350","jurisdiction":"us-nv","citation":"NRS 686B.350","heading":"Conversion into domestic mutual insurer or domestic reciprocal insurer: Filing and contents of notice of intent to qualify.","body":"1. An essential insurance association shall, if requested to do so by the Commissioner, file a notice of intent to qualify as a domestic mutual insurer or a domestic reciprocal insurer. In the absence of a request by the Commissioner, an essential insurance association may file such a notice at such time as the association determines appropriate.\n2. The notice must be filed with the Commissioner at least 4 months before the date the association is to become a domestic mutual insurer or a domestic reciprocal insurer and must include:\n(a) An application prepared pursuant to chapter 680A of NRS for a certificate of authority to transact business in Nevada as a domestic mutual insurer or a domestic reciprocal insurer;\n(b) A valuation of the policyholder’s surplus according to both market and amortized value based on the association’s annual financial statement for the previous year; and\n(c) A provision for the return of any unused portion of the insured’s capital stabilization charges.","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#NRS686BSec350","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:46Z","sha256":"733550f38ffa01201bcc9a16fdc7d2baeaca761d1023a1b69a2c3ba6ca8c9078","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-686b.340","next":"us-nv/nrs-686b.360"},"notice":"GroundRules: Original legal text. Not legal advice."}