NRS 695A.130
Consolidation

  • merger.

1.

A domestic society that wishes to consolidate or merge with any other society must file with the Commissioner:

(a)

A certified copy of the written contract containing in full the terms and conditions of the consolidation or merger;

(b)

A sworn statement by the president and secretary or corresponding officers of each society showing the financial condition thereof on a date fixed by the Commissioner, but not earlier than December 31, next preceding the date of the contract;

(c)

The certification of such officers, duly verified by their respective oaths, that the consolidation or merger has been approved by a two-thirds vote of the supreme governing body of each society at a regular or special meeting of such bodies or, if permitted by the laws of the society, by mail; and

(d)

Evidence that at least 60 days before the action of the supreme governing body of each society, the text of the contract was furnished to all members of each society either by mail or by publication in full in the official publication of each society.

2.

If the Commissioner finds that the contract containing in full the terms and conditions of the consolidation or merger is in conformity with the provisions of this section, that the financial statements are correct and that the consolidation or merger is just and equitable to the members of each society, the Commissioner shall approve the contract and issue a certification of that fact.

3.

The contract becomes effective upon approval by the Commissioner unless any society which is a party to the contract is incorporated under the laws of any other state or territory, in which case the consolidation or merger does not become effective unless:

(a)

It is approved as provided by the laws of the other state or territory and a certificate of such approval has been filed with the Commissioner of this state; or

(b)

If the laws of the other state or territory do not provide for such approval, it is approved by the officer responsible for supervising the business of insurance in the other state or territory and a certificate of such approval has been filed with the Commissioner of this state.

4.

Upon the consolidation or merger becoming effective as provided in this chapter, all the rights, franchises and interests of the consolidated or merged societies in and to every species of property, real, personal or mixed, and things in action belonging thereto are vested in the society resulting from or remaining after the consolidation or merger without any other instrument, except that conveyances of real property may be evidenced by proper deeds. The title to any real property or interest therein, vested under the laws of this state in any of the societies consolidated or merged, does not revert and is not in any way impaired by the consolidation or merger but vests absolutely in the society resulting from or remaining after the consolidation or merger.

5.

The affidavit of any officer of the society or of anyone authorized by it to mail any notice or document, stating that the notice or document has been duly addressed and mailed, is prima facie evidence that the notice or document has been furnished the addressees.

Source: Section 695A.130 — Consolidation; merger., https://www.­leg.­state.­nv.­us/NRS/NRS-695A.­html#NRS695ASec130.

695A.001
Definitions.
695A.003
“Benefit contract” defined.
695A.004
“Benefit member” defined.
695A.006
“Certificate” defined.
695A.010
“Fraternal benefit society” defined.
695A.014
“Insurer” defined.
695A.016
“Laws” defined.
695A.018
“Lodge” defined.
695A.020
“Lodge system” defined.
695A.023
“Medicaid” defined.
695A.027
“Order for medical coverage” defined.
695A.030
“Premiums” defined.
695A.040
“Representative form of government” defined.
695A.042
“Rules” defined.
695A.044
“Society” defined.
695A.050
Organization: Preparation and contents of articles of incorporation.
695A.060
Organization: Filing of documents and bond with Commissioner
695A.070
Organization: Solicitation of members
695A.080
Certificate of authority: Issuance and renewal
695A.090
General powers and duties of society.
695A.095
Contracts between society and provider of health care: Prohibiting society from charging provider of health care fee for inclusion on list of providers given to insureds
695A.110
Unincorporated or voluntary association prohibited.
695A.120
Location of principal office
695A.130
Consolidation
695A.140
Conversion of fraternal benefit society into mutual life insurer.
695A.150
Qualifications for and rights and privileges of membership.
695A.151
Effect of eligibility for medical assistance under Medicaid on eligibility for coverage
695A.152
Society required to comply with certain provisions concerning portability and availability of health insurance.
695A.153
Society prohibited from asserting certain grounds to deny enrollment of child of insured pursuant to order.
695A.155
Certain accommodations to be made when child is covered under policy of noncustodial parent.
695A.157
Society to authorize enrollment of child of parent who is required by order to provide medical coverage under certain circumstances
695A.159
Society prohibited from restricting coverage of child based on preexisting condition when person who is eligible for group coverage adopts or assumes legal obligation for child.
695A.160
Amendment of laws of society.
695A.180
Scope of contractual benefits.
695A.184
Coverage for prescription drug previously approved for medical condition of insured.
695A.188
Approval or denial of claim
695A.195
Society prohibited from denying coverage solely because person was victim of domestic violence.
695A.197
Society prohibited from denying coverage solely because insured was intoxicated or under the influence of controlled substance
695A.200
Nonforfeiture benefits, cash surrender values, certificate loans and other options.
695A.210
Beneficiaries
695A.220
Benefits not liable to attachment, garnishment or other process.
695A.230
Terms and conditions of benefit contracts.
695A.232
Requirements regarding issuance of health benefit plans and adjustment of costs.
695A.235
Offering policy of health insurance for purposes of establishing health savings account.
695A.240
Approval and contents of certificates.
695A.255
Coverage for prescription drugs: Provision of notice and information regarding use of formulary.
695A.265
Coverage for services provided through telehealth.
695A.270
Waiver of provisions of society’s laws.
695A.280
Reinsurance.
695A.300
Admission of foreign or alien society.
695A.310
Injunction against, liquidation of or appointment of receiver for domestic society.
695A.320
Suspension, revocation or refusal of license of foreign or alien society.
695A.330
Licensing of insurance agents of society
695A.400
Service of process on society.
695A.410
Injunctions against societies.
695A.420
Judicial review of Commissioner’s findings and decisions.
695A.430
Assets, funds and accounts of society.
695A.440
Investments.
695A.450
Annual statement of financial condition, transactions and affairs.
695A.460
Penalties for failure to file statement properly.
695A.475
Liability of directors, officers, employees, members and volunteers
695A.490
Standards of valuation for certificates.
695A.500
Examination of societies transacting business in State.
695A.530
Applicability of statutory provisions relating to trade practices and frauds.
695A.550
Exemption of societies from certain taxes.
695A.555
Fees: Applicability of certain provisions.
695A.560
Exemption of societies from other insurance laws.
695A.570
Applicability.
695A.580
Penalties.
695A.1845
Required coverage for certain tests and vaccines relating to human papillomavirus
695A.1855
Coverage for mammograms for certain women
695A.1857
Benefit contract that includes coverage for maternity care must not deny coverage to gestational carrier
695A.1865
Coverage for drug or device for contraception and related health services in certain circumstances
695A.1873
Coverage for management and treatment of sickle cell disease.
695A.1875
Coverage for certain services, screenings and tests relating to wellness
Last Updated

Feb. 5, 2021

§ 695A.130’s source at nv​.us