Nevada Revised Statutes 693A.200 – Mutual insurers: Membership
Current as of: 2023 | Check for updates
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1. Each policyholder of a domestic mutual insurer, other than a policyholder of a reinsurance contract, is a member of the insurer during the period of the insurance with all the rights and obligations of such membership, and the policy shall so specify.
Terms Used In Nevada Revised Statutes 693A.200
- Contract: A legal written agreement that becomes binding when signed.
- Fiduciary: A trustee, executor, or administrator.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Trustee: A person or institution holding and administering property in trust.
2. Any person, government or governmental agency or institution, estate, trustee or fiduciary may be a member of a mutual insurer.