Nev. Rev. Stat. § 616B.401
Merger of associations
Nevada · Nevada Revised Statutes Chapter 616B — Industrial Insurance: Insurers; Liability for Provision of Coverage · Status: effective
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- Nev. Rev. Stat. § 616B.401, Merger of associations, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2135504
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Full text
1. An association of self-insured public employers may merge with another association of self-insured public employers if:
(a) The resulting association assumes in full all obligations of the merging associations; and
(b) The merger is approved by the Commissioner.
2. An association of self-insured private employers may merge with another association of self-insured private employers if:
(a) The members of the merging associations are engaged in the same or similar trade;
(b) The resulting association assumes in full all obligations of the merging associations; and
(c) The merger is approved by the Commissioner.
3. The Commissioner shall conduct a hearing on the proposed merger if any member of the merging associations so requests. The Commissioner may on his or her own motion conduct such a hearing.