Nevada Revised Statutes
Chapter 693B - Continuity of Management During Emergency Resulting From Attack
NRS 693B.010 - Definitions.

As used in this chapter, unless the context otherwise requires:
1. "Acting Director" means an acting Director elected or appointed in accordance with this chapter.
2. "Acting officer" means an acting officer appointed in accordance with this chapter.
3. "Acute emergency" means a period in which, by reason of loss of life, epidemic disease, destruction or damage of property, contamination of property by radiological, chemical or bacteriological means, or disruption of the means of transportation and communication, resulting from an attack, it is impossible or impracticable for the business of insurance in this state to be conducted in strict accord with the provisions of law or charters applicable thereto.
4. "Attack" means any attack, actual or imminent, or series of attacks by an enemy or a foreign nation upon the United States of America causing, or which may cause, substantial damage or injury to civilian property or persons in the United States in any manner by sabotage or by the use of bombs, shellfire, or atomic, radiological, chemical, bacteriological or biological means or other weapons or processes.
5. "Board" means the board of directors, board of trustees, committee or similar body having control of the affairs of an organization.
6. "Charter" means the certificate of organization or incorporation of an organization together with its bylaws, or the agreement establishing a fund or association together with its constitution and bylaws.
7. "Commissioner" means the Commissioner of Insurance or other person designated to exercise the powers of that office during an acute emergency.
8. "Director" means a director, trustee or member of a board.
9. "Domestic organization" means any organization which is domiciled in this state, including, insofar as the provisions of this chapter may appropriately apply thereto, any welfare or pension fund or United States branch of an alien insurer.
10. "Officer" means an officer of a domestic organization.
11. "Organization" means any insurer, rating organization, service or advisory organization, joint underwriting association or other organization which is subject, in whole or in part, to the insurance laws of this state.
12. "Quorum" means the minimum number of directors required by charter and law, other than this chapter, to be present for valid action to be taken at a meeting of a board with respect to each particular item of business which may come before such meeting.
(Added to NRS by 1971, 1818)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 693B - Continuity of Management During Emergency Resulting From Attack

NRS 693B.010 - Definitions.

NRS 693B.020 - Adoption of bylaws for emergency: Procedure; provisions; approval.

NRS 693B.030 - Change of location of principal office; notice to Commissioner.

NRS 693B.040 - Board meetings: Call; notice.

NRS 693B.050 - Emergency board of directors: Numbers; authorized action.

NRS 693B.060 - Emergency board of directors: Powers.

NRS 693B.070 - Commissioner required to be notified of meetings of emergency board of directors.

NRS 693B.080 - Acting directors: Qualifications; oaths not required.

NRS 693B.090 - Acting directors: Powers; compensation.

NRS 693B.100 - Acting officers: Powers, duties and compensation.

NRS 693B.110 - Designation of acting directors by Commissioner.

NRS 693B.120 - Commissioner authorized to resolve controversy concerning actions of emergency board of directors.

NRS 693B.130 - Commissioner authorized to declare certain provisions of law operative and inoperative; powers of companies, officers and directors.

NRS 693B.140 - Commissioner authorized to take possession of business and property of organizations.

NRS 693B.150 - Commissioner authorized to exercise powers only if court not available to make necessary orders; regulations, directives and orders of Commissioner.

NRS 693B.160 - Presumption of acute emergency; powers of board or emergency board of directors.

NRS 693B.170 - Effect of chapter on organization’s power and on foreign and alien companies.