1. A reciprocal insurer may, upon qualifying therefor as provided for by this Code, transact any kind or kinds of insurance defined by this Code other than life or title insurances.
2. Such an insurer may purchase reinsurance upon the risk of any subscriber, and may grant reinsurance as to any kind of insurance it is authorized to transact directly.
(Added to NRS by 1971, 1827)
Structure Nevada Revised Statutes
Chapter 694B - Reciprocal Insurers
NRS 694B.010 - "Reciprocal" insurance defined.
NRS 694B.030 - Powers of reciprocal insurers.
NRS 694B.060 - Organization of reciprocal insurer.
NRS 694B.070 - Certificate of authority; disciplinary action for noncompliance.
NRS 694B.080 - Power of attorney.
NRS 694B.100 - Attorney’s bond.
NRS 694B.110 - Deposit in lieu of bond.
NRS 694B.120 - Action on bond.
NRS 694B.130 - Service of process; judgment.
NRS 694B.140 - Contributions to insurer.
NRS 694B.150 - Financial condition: Method of determining.
NRS 694B.160 - Persons eligible to be subscribers.
NRS 694B.170 - Subscribers’ advisory committee.
NRS 694B.180 - Subscribers’ liability.
NRS 694B.190 - Subscribers’ liability on judgment.
NRS 694B.210 - Time limit for assessments.
NRS 694B.220 - Aggregate liability.
NRS 694B.230 - Nonassessable policies.
NRS 694B.240 - Subscribers’ share in assets upon liquidation.