Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE57 INSURANCE |
CHAPTER695A. Fraternal Benefit Societies |
NRS695A.010. “Fraternal benefit society” defined.
Latest version.
- “Fraternal benefit society” means any incorporated society, order or supreme lodge, without capital stock, including one exempted under the provisions of paragraph (b) of subsection 1 of NRS 695A.570 whether incorporated or not, which:
1. Is conducted solely for the benefit of its members and their beneficiaries and not for profit;
2. Operates on a lodge system with ritualistic form of work;
3. Has a representative form of government; and
4. Provides benefits in accordance with this chapter.
(Added to NRS by 1971, 1835; A 1991, 222)