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2022 Nevada Revised Statutes
Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers
NRS 693A.575 - Procedure for reorganization.
Universal Citation: NV Rev Stat § 693A.575 (2022)
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.
(Added to NRS by 2001, 2241)
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