NAC693A.115. Conversion of mutual into stock insurer: Interpretation of certain statutory terms.

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As used in NRS 693A.400 to 693A.540, inclusive, the Commissioner will interpret:

1. “Domestic stock insurer” to mean a domestic stock insurance company or a stock holding company.

2. “Plan of conversion” to include, without limitation, the plan of conversion and any amendments to the articles of incorporation adopted by a resolution of the board of directors of the converting mutual pursuant to subsection 1 of NRS 693A.440.

(Added to NAC by Comm’r of Insurance by R081-07, eff. 4-17-2008)

                    
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