Every person who is directly or indirectly the beneficial owner of more than 10 percent of any class of any equity security of a domestic stock insurer, or who is a director or an officer of such insurer, shall:

Terms Used In Nevada Revised Statutes 694A.020

  • equity security: when used in this chapter means:

    1. See Nevada Revised Statutes 694A.010

  • 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

1.  File in the Office of the Commissioner within 10 days after the person becomes such beneficial owner, director or officer, a statement, in such form as the Commissioner may prescribe, of the amount of all equity securities of such insurer of which the person is the beneficial owner; and

2.  Within 10 days after the close of each calendar month thereafter, if there has been a change in such ownership during such month, file in the Office of the Commissioner a statement, in such form as the Commissioner may prescribe, indicating the person’s ownership at the close of the calendar month and such changes in the person’s ownership as have occurred during such calendar month.

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