NRS 693A.575
Procedure for reorganization.


A domestic mutual insurer may, by complying with NRS 693A.550 to 693A.665, inclusive, and obtaining the approval of the Commissioner, reorganize by:

1.

Merging the membership interests of its policyholders into:

(a)

A mutual insurance holding company formed for the purpose of the reorganization; or

(b)

An existing mutual insurance holding company; and

2.

Continuing the corporate existence of the mutual insurer as a stock insurer subsidiary of the mutual insurance holding company.

Source: Section 693A.575 — Procedure for reorganization., https://www.­leg.­state.­nv.­us/NRS/NRS-693A.­html#NRS693ASec575.

Last Updated

Feb. 5, 2021

§ 693A.575’s source at nv​.us