NRS 692C.400
Extraordinary distributions to shareholders: Conditional declaration.

Notwithstanding any other provision of law, an insurer may declare an extraordinary dividend or distribution which is conditional upon the Commissioner’s approval thereof, and such a declaration shall confer no rights upon shareholders until:

1.

The Commissioner has approved the payment of such dividend or distribution; or

2.

The Commissioner has not disapproved such payment within the 30-day period referred to in NRS 692C.390.

Source: Section 692C.400 — Extraordinary distributions to shareholders: Conditional declaration., https://www.leg.state.nv.us/NRS/NRS-692C.html#NRS692CSec400.

692C.355
Proposal to acquire or change or continue control of insurer domiciled in State: Notice 692C.357
Domestic insurer under control of foreign person not relieved of obligations and liabilities 692C.359
Supervisory college: Commissioner may convene or participate 692C.360
Transactions with affiliates 692C.363
Insurer required to notify Commissioner of intent to enter into certain transactions with affiliate 692C.367
Insurer prohibited from entering into separate transactions with affiliate with intent to avoid review 692C.370
Adequacy of surplus. 692C.372
Group-wide supervision of internationally active insurance groups: Definitions. 692C.374
Group-wide supervision of internationally active insurance groups: “Group-wide supervisor” defined. 692C.376
Group-wide supervision of internationally active insurance groups: “Internationally active insurance group” defined. 692C.378
Group-wide supervision of internationally active insurance groups: Determination or acknowledgment of group-wide supervisor 692C.380
Extraordinary distributions to shareholders: Definition. 692C.390
Extraordinary distributions to shareholders: Notice 692C.400
Extraordinary distributions to shareholders: Conditional declaration. 692C.402
Sources from which receiver appointed under order for liquidation or rehabilitation of insurer is authorized to recover. 692C.404
Liability of person who controlled insurer or affiliate at time distributions were paid or declared.

Last Updated

Jun. 24, 2021

§ 692C.400’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_692c.400

Original Source: Section 692C.400 — Extraordinary distributions to shareholders: Conditional declaration., https://www.leg.state.nv.us/NRS/NRS-692C.html#NRS692CSec400 (last accessed Jun. 24, 2021).