Corporate Powers and Procedures of Domestic Stock and Mutual Insurers

  1. Law
  2. Nevada Revised Statutes
  3. Corporate Powers and Procedures of Domestic Stock and Mutual Insurers

Checkout our iOS App for a better way to browser and research.

Section
693A.010

Scope.

Section
693A.020

Applicability of statutes relating to corporations.

Section
693A.030

Domestic insurer prohibited from engaging in other business; exceptions.

Section
693A.040

Principal offices.

Section
693A.050

Books, records, documents, accounts and vouchers.

Section
693A.060

Assets to be kept in State; exception.

Section
693A.070

Removal or concealment of records or assets.

Section
693A.080

Information to stockholders and regulation of proxies: Scope of provisions.

Section
693A.090

Information to stockholders and regulation of proxies: Information in advance of meetings.

Section
693A.100

Information to stockholders and regulation of proxies: Solicitation and form of proxies.

Section
693A.110

Management and agency contracts; regulations.

Section
693A.120

Prohibited pecuniary interest of officers; regulations.

Section
693A.130

Liability of officers and others for paying taxes, licenses and fees.

Section
693A.140

Dividends to stockholders.

Section
693A.150

Participating policies.

Section
693A.160

Dividends to policyholders.

Section
693A.170

Purchase of own shares by stock insurer.

Section
693A.180

Borrowing.

Section
693A.190

Mutual insurers: Additional kinds of insurance.

Section
693A.200

Mutual insurers: Membership.

Section
693A.210

Mutual insurers: Bylaws.

Section
693A.220

Mutual insurers: Contingent liability of members.

Section
693A.230

Mutual insurers: Levy of contingent liability.

Section
693A.240

Mutual insurers: Enforcement of contingent liability.

Section
693A.250

Mutual insurers: Nonassessable policies; revocation of authority.

Section
693A.260

Impairment of capital, surplus or assets: Notice; time to cure; restrictions.

Section
693A.270

Impairment of capital, surplus or assets: Curing deficiency; failure to cure.

Section
693A.280

Impairment of capital, surplus or assets: Violation of restrictions; penalty.

Section
693A.290

Mutualization of stock insurer.

Section
693A.300

Conversion to ordinary business corporation.

Section
693A.310

Affiliation of stock insurers.

Section
693A.320

Acquisition of controlling stock.

Section
693A.330

Merger or consolidation of stock insurers.

Section
693A.340

Preservation of old charter in merger or consolidation.

Section
693A.350

Merger or consolidation of mutual insurers.

Section
693A.365

Assumption of reinsurance: Limitations; application of provisions.

Section
693A.370

Bulk reinsurance: Limitation; approval by Commissioner and members.

Section
693A.380

Bulk reinsurance: Certificate of fees and commissions; restrictions upon payment; penalty.

Section
693A.390

Member’s share of assets on liquidation.

Section
693A.400

Definitions.

Section
693A.405

"Closed block" defined.

Section
693A.410

"Consideration" defined.

Section
693A.415

"Converting mutual" defined.

Section
693A.420

"Eligible member" defined.

Section
693A.425

"New stock insurer" defined.

Section
693A.430

"Policyholder" defined.

Section
693A.435

Procedure for conversion.

Section
693A.440

Resolution by board of directors; plan of conversion.

Section
693A.445

Application for conversion: Filing and contents; filing fee.

Section
693A.450

Public hearing on application.

Section
693A.455

Action by Commissioner on application.

Section
693A.460

Meeting and vote of policyholders; notice.

Section
693A.465

Abandonment of plan of conversion.

Section
693A.470

Issuance and notice of final order approving application; issuance and effect of certificate of authority.

Section
693A.475

Authority of Commissioner to engage services of experts; payment of costs to review plan of conversion.

Section
693A.480

Confidentiality and publication of pertinent information and documents.

Section
693A.485

Continuation of corporate existence of converting mutual.

Section
693A.490

Purchase of stock by directors, officers, employees, agents or trustees.

Section
693A.495

Receipt of fee, commission or other consideration for aiding, promoting or assisting in plan of conversion.

Section
693A.500

Offers to acquire and acquisition of voting securities of new stock insurer or institution that owns majority of voting securities of new stock insurer.

Section
693A.505

Unlawful acquisition of securities: Voting of securities prohibited; injunctive and other relief.

Section
693A.510

Unlawful acquisition of securities: Seizure or sequestration of securities.

Section
693A.515

Unlawful acquisition of securities: Imposition of administrative penalty for violation.

Section
693A.520

Unlawful acquisition of securities: Imposition of administrative penalty against director, officer or agent.

Section
693A.525

Unlawful acquisition of securities: Orders by Commissioner.

Section
693A.530

Regulations and orders of Commissioner.

Section
693A.535

Judicial review of final order of Commissioner.

Section
693A.540

Enforcement of provisions by Commissioner.

Section
693A.550

Definitions.

Section
693A.555

"Intermediate stock holding company" defined.

Section
693A.560

"Mutual insurance holding company" defined.

Section
693A.565

"Reorganized stock insurer" defined.

Section
693A.570

"Voting securities" defined.

Section
693A.575

Procedure for reorganization.

Section
693A.580

Proposed plan of reorganization: Filing and contents; filing fee.

Section
693A.585

Public hearing on proposed plan.

Section
693A.590

Action by Commissioner on proposed plan; notice and expiration of approval.

Section
693A.595

Meeting and vote of policyholders; notice.

Section
693A.600

Abandonment of plan of reorganization.

Section
693A.605

Issuance and effect of certificate of authority.

Section
693A.610

Authority of Commissioner to engage services of experts; payment of costs to review plan of reorganization.

Section
693A.615

Confidentiality and publication of pertinent information and documents.

Section
693A.620

Continuation of corporate existence of mutual insurer.

Section
693A.625

Issuance of initial shares of capital stock; identity and rights of policyholders; status, rights, duties and assets of holding company.

Section
693A.630

Conversion of mutual insurance holding company to domestic stock insurance company not prohibited.

Section
693A.635

Membership interest in mutual insurance holding company is not security.

Section
693A.640

Receipt of fee, commission or other consideration for aiding, promoting or assisting in plan of reorganization.

Section
693A.645

Mutual insurance holding company: Annual filing requirements.

Section
693A.650

Mutual insurance holding company: Production of records, books or other information and papers.

Section
693A.655

Regulations and orders of Commissioner.

Section
693A.660

Judicial review of final order of Commissioner.

Section
693A.665

Enforcement of provisions by Commissioner.