Any domestic fraternal benefit society may be converted to and licensed as a mutual life insurer by compliance with all the applicable requirements of chapter 693A of NRS if a plan of conversion is:
1. Prepared by the board of directors of the society in writing setting forth in full the terms and conditions of the conversion;
2. Approved by the affirmative vote of two-thirds of all members of the supreme governing body of the society at a regular or special meeting; and
3. Approved by the Commissioner, who may give such approval if the Commissioner finds that the proposed change is in conformity with the laws of this state and not prejudicial to the certificate holders of the society.
(Added to NRS by 1971, 1840; A 1991, 229)
Structure Nevada Revised Statutes
Chapter 695A - Fraternal Benefit Societies
NRS 695A.003 - "Benefit contract" defined.
NRS 695A.004 - "Benefit member" defined.
NRS 695A.006 - "Certificate" defined.
NRS 695A.010 - "Fraternal benefit society" defined.
NRS 695A.014 - "Insurer" defined.
NRS 695A.016 - "Laws" defined.
NRS 695A.018 - "Lodge" defined.
NRS 695A.020 - "Lodge system" defined.
NRS 695A.023 - "Medicaid" defined.
NRS 695A.027 - "Order for medical coverage" defined.
NRS 695A.030 - "Premiums" defined.
NRS 695A.040 - "Representative form of government" defined.
NRS 695A.042 - "Rules" defined.
NRS 695A.044 - "Society" defined.
NRS 695A.050 - Organization: Preparation and contents of articles of incorporation.
NRS 695A.080 - Certificate of authority: Issuance and renewal; effect; record; copies; fees.
NRS 695A.090 - General powers and duties of society.
NRS 695A.130 - Consolidation; merger.
NRS 695A.140 - Conversion of fraternal benefit society into mutual life insurer.
NRS 695A.150 - Qualifications for and rights and privileges of membership.
NRS 695A.160 - Amendment of laws of society: Manner; approval by Commissioner; provision to members.
NRS 695A.180 - Scope of contractual benefits.
NRS 695A.1855 - Coverage for mammograms for certain women required; prohibited acts.
NRS 695A.1856 - Coverage for examination of person who is pregnant for certain diseases required.
NRS 695A.200 - Nonforfeiture benefits, cash surrender values, certificate loans and other options.
NRS 695A.210 - Beneficiaries; funeral benefits.
NRS 695A.220 - Benefits not liable to attachment, garnishment or other process.
NRS 695A.230 - Terms and conditions of benefit contracts.
NRS 695A.240 - Approval and contents of certificates.
NRS 695A.270 - Authority to prohibit in society’s laws waiver of provisions of society’s laws.
NRS 695A.310 - Injunction against, liquidation of or appointment of receiver for domestic society.
NRS 695A.320 - Suspension, revocation or refusal of license of foreign or alien society.
NRS 695A.330 - Licensing of insurance agents of society; persons exempt from licensing.
NRS 695A.400 - Service of process on society.
NRS 695A.410 - Injunctions against societies.
NRS 695A.420 - Judicial review of Commissioner’s findings and decisions.
NRS 695A.430 - Assets, funds and accounts of society.
NRS 695A.490 - Standards of valuation for certificates; excess reserves.
NRS 695A.500 - Examination of societies transacting or applying to transact business in State.
NRS 695A.530 - Applicability of provisions relating to trade practices and frauds.
NRS 695A.550 - Exemption of societies from certain taxes.
NRS 695A.555 - Nonexemption of societies from certain fees.
NRS 695A.560 - Exemption of societies from other insurance laws; exceptions.
NRS 695A.570 - Applicability of chapter; effect of exemption.