NRS 694B.240
Subscribers’ share in assets.

Upon the liquidation of a domestic reciprocal insurer, its assets remaining after the discharge of its indebtedness and policy obligations, the return of any contributions of the attorney or other persons to its surplus, and the return of any unused premiums, savings or credits then standing on subscribers’ accounts shall be distributed to its subscribers who were such within the 12 months prior to the last termination of its certificate of authority, according to such reasonable formula as the Commissioner may approve.

Source: Section 694B.240 — Subscribers’ share in assets., https://www.leg.state.nv.us/NRS/NRS-694B.html#NRS694BSec240 (accessed May 26, 2025).

694B.010
“Reciprocal” insurance defined. 694B.020
Scope. 694B.030
Powers of reciprocal insurers. 694B.035
Reciprocal insurer authorized to affect title to real property for purposes of insurer. 694B.040
Name 694B.050
Attorney. 694B.060
Organization of reciprocal insurer. 694B.070
Certificate of authority. 694B.080
Power of attorney. 694B.090
Modifications. 694B.100
Attorney’s bond. 694B.110
Deposit in lieu of bond. 694B.120
Action on bond. 694B.130
Service of process 694B.140
Contributions to insurer. 694B.150
Financial condition: Method of determining. 694B.160
Persons eligible to be subscribers. 694B.170
Subscribers’ advisory committee. 694B.180
Subscribers’ liability. 694B.190
Subscribers’ liability on judgment. 694B.200
Assessments. 694B.210
Time limit for assessments. 694B.220
Aggregate liability. 694B.230
Nonassessable policies. 694B.240
Subscribers’ share in assets. 694B.250
Merger or conversion. 694B.260
Impaired reciprocal insurer.

May 26, 2025

§ 694B.240. Subscribers’ share in assets.'s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_694b.240

Original Source: Section 694B.240 — Subscribers’ share in assets., https://www.leg.state.nv.us/NRS/NRS-694B.html#NRS694BSec240 (last accessed May 10, 2025).

NRS 694B.240 Subscribers’ share in assets.

NRS 694B.240
Subscribers’ share in assets.