Nev. Admin. Code § 693A.115

Current through November 8, 2024

Section 693A.115 - Conversion of mutual into stock insurer: Interpretation of certain statutory terms

As used in NRS 693A.400 to 693A.540, inclusive, the Commissioner will interpret:

1. "Domestic stock insurer" to mean a domestic stock insurance company or a stock holding company.

2. "Plan of conversion" to include, without limitation, the plan of conversion and any amendments to the articles of incorporation adopted by a resolution of the board of directors of the converting mutual pursuant to subsection 1 of NRS 693A.440.

Nev. Admin. Code § 693A.115

Added to NAC by Comm'r of Insurance by R081-07, eff. 4-17-2008

NRS 679B.130, 693A.530, 693A.655