The provisions of this chapter apply to any acquisition in which a change in control of an insurer who is authorized to do business in this state occurs, except: 1. An acquisition that is subject to approval or disapproval by the Commissioner pursuant to NRS 692C.180 to 692C.250, inclusive. 2. A purchase of securities solely […]
1. An acquisition to which the provisions of NRS 692C.252 apply is subject to an order issued pursuant to NRS 692C.258 unless: (a) The acquiring person files a notice of acquisition pursuant to this section; and (b) The waiting period specified in subsection 4 has expired. 2. The Commissioner shall prescribe the form of the […]
1. The Commissioner may issue an order pursuant to NRS 692C.258 relating to an acquisition if: (a) The effect of the acquisition may substantially lessen competition in any line of insurance in this state or tend to create a monopoly; or (b) The acquiring person fails to file sufficient materials or information pursuant to NRS […]
1. Except as otherwise provided in this section, if the Commissioner determines that an acquisition may substantially lessen competition in any line of insurance in this state, tends to create a monopoly or is not in the interest of members of the public who purchase insurance, the Commissioner may issue an order: (a) Requiring an […]
