Nevada § 686B.360 Conversion into domestic mutual insurer or domestic reciprocal insurer: Notice to insurers and insured; hearing; compliance with certain provisions for qualification

Nevada Statutes

§ 686B.360 — Conversion into domestic mutual insurer or domestic reciprocal insurer: Notice to insurers and insured; hearing; compliance with certain provisions for qualification

Nevada § 686B.360

Title 57INSURANCE

Ch. 686BRates

Associations

This text of Nevada § 686B.360 (Conversion into domestic mutual insurer or domestic reciprocal insurer: Notice to insurers and insured; hearing; compliance with certain provisions for qualification) 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.360 (2026).

Text

1. At the time the association files a notice of intent to qualify as a domestic mutual insurer or domestic reciprocal insurer, it must give a notice of intent to all participating insurers and all insureds on a form approved by the Commissioner. 2. Any participating insurer or insured may, within 30 days after the date of the notice, apply to the Division for a hearing concerning the association’s ability to qualify as a domestic mutual insurer or domestic reciprocal insurer. 3. An association must comply with the provisions of:

(a)Chapter 692B of NRS, as applicable to mutual insurers, to qualify as a domestic mutual insurer; or

(b)Chapter 694B of NRS, as applicable to reciprocal insurers, to qualify as a domestic reciprocal insurer.

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1. At the time the association files a notice of intent to qualify as a domestic mutual insurer or domestic reciprocal insurer, it must give a notice of intent to all participating insurers and all insureds on a form approved by the Commissioner.
2. Any participating insurer or insured may, within 30 days after the date of the notice, apply to the Division for a hearing concerning the association’s ability to qualify as a domestic mutual insurer or domestic reciprocal insurer.
3. An association must comply with the provisions of:
(a) Chapter 692B of NRS, as applicable to mutual insurers, to qualify as a domestic mutual insurer; or
(b) Chapter 694B of NRS, as applicable to reciprocal insurers, to qualify as a domestic reciprocal insurer.