{"data":{"id":"us-nv/nrs-693a.575","jurisdiction":"us-nv","citation":"NRS 693A.575","heading":"Procedure for reorganization.","body":"A domestic mutual insurer may, by complying with NRS 693A.550 to 693A.665, inclusive, and obtaining the approval of the Commissioner, reorganize by:\n1. Merging the membership interests of its policyholders into:\n(a) A mutual insurance holding company formed for the purpose of the reorganization; or\n(b) An existing mutual insurance holding company; and\n2. Continuing the corporate existence of the mutual insurer as a stock insurer subsidiary of the mutual insurance holding company.","path":["TITLE 57 — INSURANCE","CHAPTER 693A - CORPORATE POWERS AND PROCEDURES OF DOMESTIC STOCK AND MUTUAL INSURERS","REORGANIZATION OF MUTUAL INTO STOCK INSURER"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-693A.html#NRS693ASec575","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:46Z","sha256":"08c38c2e8ada0ce0e70eb67740a91330417c1575c3a7e7303e45239afbf16ad3","source_id":"us-nv","stale":false,"prev":"us-nv/nrs-693a.570","next":"us-nv/nrs-693a.580"},"notice":"GroundRules: Original legal text. Not legal advice."}