Nev. Rev. Stat. § 693A.575
Procedure for reorganization
Nevada · Nevada Revised Statutes Chapter 693A — Corporate Powers and Procedures of Domestic Stock and Mutual Insurers · Status: effective
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- Nev. Rev. Stat. § 693A.575, Procedure for reorganization, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2149130
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Full text
A domestic mutual insurer may, by complying with NRS 693A.550 to 693A.665, inclusive, and obtaining the approval of the Commissioner, reorganize by:
1. Merging the membership interests of its policyholders into:
(a) A mutual insurance holding company formed for the purpose of the reorganization; or
(b) An existing mutual insurance holding company; and
2. Continuing the corporate existence of the mutual insurer as a stock insurer subsidiary of the mutual insurance holding company.