Nevada § 686B.280 Conversion into domestic stock insurer: Filing and contents of notice of intent to qualify

Nevada Statutes

§ 686B.280 — Conversion into domestic stock insurer: Filing and contents of notice of intent to qualify

Nevada § 686B.280

Title 57INSURANCE

Ch. 686BRates

Associations

This text of Nevada § 686B.280 (Conversion into domestic stock insurer: Filing and contents of notice of intent to qualify) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 686B.280 (2026).

Text

1. An essential insurance association shall, whenever requested to do so by the Commissioner, file a notice of intent to qualify as a domestic stock insurer. In the absence of a request by the Commissioner, an essential insurance association may file such a notice whenever it considers it appropriate. 2. The notice must be filed with the Commissioner at least 4 months before the date the association is to become a domestic stock insurer and must contain:

(a)An application prepared pursuant to chapter 680A of NRS for a certificate of authority to transact business in Nevada as a domestic stock insurer;

(b)A valuation of capital and surplus according to both market and amortized value based on the association’s annual financial statement for the previous year;

(c)The value and number of s

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1. An essential insurance association shall, whenever requested to do so by the Commissioner, file a notice of intent to qualify as a domestic stock insurer. In the absence of a request by the Commissioner, an essential insurance association may file such a notice whenever it considers it appropriate.
2. The notice must be filed with the Commissioner at least 4 months before the date the association is to become a domestic stock insurer and must contain:
(a) An application prepared pursuant to chapter 680A of NRS for a certificate of authority to transact business in Nevada as a domestic stock insurer;
(b) A valuation of capital and surplus according to both market and amortized value based on the association’s annual financial statement for the previous year;
(c) The value and number of shares of stock to which each insured is entitled; and
(d) The terms of any proposal offering money or its equivalent in lieu of issuing fractional shares.