693A.475 - Authority of Commissioner to engage services of experts; payment of costs to review plan of conversion. - Nevada Statutes

State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-693a > Conversion-of-mutual-into-stock-insurer > 693a-475

693A.475 Authority of Commissioner to engage services of experts; payment of costs to review plan of conversion. In determining whether a plan of conversion meets the requirements of NRS 693A.400 to 693A.540, inclusive, or with regard to any other matters relating to the development of a plan of conversion, the Commissioner may engage the services of experts. All reasonable costs related to the review of a plan of conversion or such other matters, including those costs attributable to the use of experts, must be paid by the converting mutual filing the application or initiating discussions with the Commissioner about such matters.

(Added to NRS by 2001, 2237)

State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-693a > Conversion-of-mutual-into-stock-insurer > 693a-475

693A.475 Authority of Commissioner to engage services of experts; payment of costs to review plan of conversion. In determining whether a plan of conversion meets the requirements of NRS 693A.400 to 693A.540, inclusive, or with regard to any other matters relating to the development of a plan of conversion, the Commissioner may engage the services of experts. All reasonable costs related to the review of a plan of conversion or such other matters, including those costs attributable to the use of experts, must be paid by the converting mutual filing the application or initiating discussions with the Commissioner about such matters.

(Added to NRS by 2001, 2237)

State Codes and Statutes

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State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-693a > Conversion-of-mutual-into-stock-insurer > 693a-475

693A.475 Authority of Commissioner to engage services of experts; payment of costs to review plan of conversion. In determining whether a plan of conversion meets the requirements of NRS 693A.400 to 693A.540, inclusive, or with regard to any other matters relating to the development of a plan of conversion, the Commissioner may engage the services of experts. All reasonable costs related to the review of a plan of conversion or such other matters, including those costs attributable to the use of experts, must be paid by the converting mutual filing the application or initiating discussions with the Commissioner about such matters.

(Added to NRS by 2001, 2237)