1. Every society transacting business in this state shall annually, on or before the first day of March, unless for cause shown the time has been extended by the Commissioner, file with the Commissioner a true statement of its financial condition, transactions and affairs for the preceding calendar year and pay a filing fee of $25. The statement must be in such general form and context as approved by the National Association of Insurance Commissioners for fraternal benefit societies and as supplemented by additional information required by the Commissioner. The statement must include separately from the society’s admitted assets all real or personal property owned, held or leased by the society for the purposes of its nonprofit institutions operated pursuant to NRS 695A.090.
2. A synopsis of its annual statement providing an explanation of the facts concerning the condition of the society thereby disclosed must be printed and mailed to each benefit member of the society not later than June 1 of each year, or, in lieu thereof, the synopsis may be published in the society’s official publication established pursuant to NRS 695A.120.
3. As a part of the annual statement required by subsection 1, each society shall, on or before the first day of March, file with the Commissioner a valuation of its certificates in force on the preceding December 31. The Commissioner may, in the discretion of the Commissioner for cause shown, extend the time for filing the valuation for not more than 2 calendar months. The valuation must be done pursuant to NRS 695A.490. The valuation and supporting data must be certified by a qualified actuary or, at the expense of the society, verified by the actuary of the department of insurance of the state in which the society is domiciled.
(Added to NRS by 1971, 1856; A 1987, 466; 1991, 241)
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.