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Current as of January 01, 2021 | Updated by FindLaw Staff
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.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 686B.360. Conversion into domestic mutual insurer or domestic reciprocal insurer: Notice to insurers and insured; hearing - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-686b-360/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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