Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE57 INSURANCE |
CHAPTER693A. Corporate Powers and Procedures of Domestic Stock and Mutual Insurers |
CONVERSION OF MUTUAL INTO STOCK INSURER |
NRS693A.405. “Closed block” defined.
Latest version.
- “Closed block” means an allocation of assets of the converting mutual sufficient to maintain payments of guaranteed benefits and the continuation of the current dividends for eligible members.
(Added to NRS by 2001, 2232)