NRS 686B.360
Conversion into domestic mutual insurer or domestic reciprocal insurer: Notice to insurers and insured

  • hearing.

1.

At the time the association files a notice of intent to qualify as a domestic mutual insurer or domestic reciprocal insurer, it must give a notice of intent to all participating insurers and all insureds on a form approved by the Commissioner.

2.

Any participating insurer or insured may, within 30 days after the date of the notice, apply to the Division for a hearing concerning the association’s ability to qualify as a domestic mutual insurer or domestic reciprocal insurer.

3.

An association must comply with the provisions of:

(a)

Chapter 692B of NRS, as applicable to mutual insurers, to qualify as a domestic mutual insurer; or

(b)

Chapter 694B of NRS, as applicable to reciprocal insurers, to qualify as a domestic reciprocal insurer.

Source: Section 686B.360 — Conversion into domestic mutual insurer or domestic reciprocal insurer: Notice to insurers and insured; hearing., https://www.­leg.­state.­nv.­us/NRS/NRS-686B.­html#NRS686BSec360.

Last Updated

Jun. 24, 2021

§ 686B.360’s source at nv​.us