Nevada Revised Statutes Title 57. Insurance § 695A.140. Conversion of fraternal benefit society into mutual life insurer

1. Prepared by the board of directors of the society in writing setting forth in full the terms and conditions of the conversion;

2. Approved by the affirmative vote of two-thirds of all members of the supreme governing body of the society at a regular or special meeting; and

3. Approved by the Commissioner, who may give such approval if the Commissioner finds that the proposed change is in conformity with the laws of this state and not prejudicial to the certificate holders of the society.