reglab/housing_qa huggingface dataset:
NV Rev Stat § 692C.404 (2021)
2021 Nevada Revised Statutes|Chapter 692C - Holding Companies|NRS 692C.404 - Liability of person who controlled insurer or affiliate at time distributions were paid or declared.

  1. A person who was a parent corporation or holding company, or a person who otherwise controlled the insurer or affiliate, at the time the distributions were paid is liable up to the amount of distributions or payments the person received. Any person who otherwise controlled the insurer at the time the distributions were declared is liable up to the amount of distributions the person would have received if they had been paid immediately. If two or more persons are liable with respect to the same distributions, they are jointly and severally liable.  2. The maximum amount recoverable under this section and NRS 692C.402 is the amount needed in excess of all other available assets of the impaired or insolvent insurer to pay the contractual obligations of the impaired or insolvent insurer and to reimburse any guaranty funds.  3. To the extent that any person liable under this section is insolvent or otherwise fails to pay claims due from it pursuant to this section, its parent corporation or holding company, or person who otherwise controlled it, at the time the distribution was paid is jointly and severally liable for any resulting deficiency in the amount recovered from the parent corporation or holding company, or person who otherwise controlled the insurer.  (Added to NRS by 1995, 1774)
NV Rev Stat § 692C.430 (2021)
2021 Nevada Revised Statutes|Chapter 692C - Holding Companies|NRS 692C.430 - Injunctive relief.

Whenever it appears to the Commissioner that any insurer or any director, officer, employee or agent thereof has committed or is about to commit a violation of this chapter or of any rule, regulation, or order issued by the Commissioner hereunder, the Commissioner may apply to the district court for the county in which the principal office of the insurer is located or if such insurer has no such office in this state, then to the First Judicial District Court in and for Carson City for an order enjoining such insurer or such director, officer, employee or agent thereof from violating or continuing to violate this chapter or any such rule, regulation or order, and for such other equitable relief as the nature of the case and the interests of the insurer’s policyholders, creditors and shareholders or the public may require.  (Added to NRS by 1973, 1048)
NV Rev Stat § 692C.440 (2021)
2021 Nevada Revised Statutes|Chapter 692C - Holding Companies|NRS 692C.440 - Prohibited voting of securities.

  1. No security which is the subject of any agreement or arrangement regarding acquisition, or which is acquired or to be acquired, in contravention of the provisions of this chapter or of any rule, regulation or order issued by the Commissioner hereunder may be voted at any shareholders’ meeting, or may be counted for quorum purposes, and any action of shareholders requiring the affirmative vote of a percentage of shares may be taken as though such securities were not issued and outstanding, but no action taken at any such meeting shall be invalidated by the voting of such securities, unless the action would materially affect control of the insurer or unless the courts of this state have so ordered.  2. If an insurer or the Commissioner has reason to believe that any security of the insurer has been or is about to be acquired in contravention of the provisions of this chapter or of any rule, regulation or order issued by the Commissioner hereunder the insurer or the Commissioner may apply to the First Judicial District Court in and for Carson City or to the district court for the county in which the insurer has its principal place of business to enjoin any offer, request, invitation, agreement, or acquisition made in contravention of NRS 692C.180 to 692C.250, inclusive, or any rule, regulation or order issued by the Commissioner thereunder to enjoin the voting of any security so acquired, to void any vote of such security already cast at any meeting of shareholders, and for such other equitable relief as the nature of the case and the interests of the insurer’s policyholders, creditors and shareholders or the public may require.  (Added to NRS by 1973, 1048)
NV Rev Stat § 692C.450 (2021)
2021 Nevada Revised Statutes|Chapter 692C - Holding Companies|NRS 692C.450 - Sequestration of voting securities.

In any case where a person has acquired or is proposing to acquire any voting securities in violation of this chapter or any rule, regulation or order issued by the Commissioner hereunder, the First Judicial District Court in and for Carson City or the district court of the county in which the insurer has its principal place of business may, on such notice as the court deems appropriate, upon the application of the insurer or the Commissioner seize or sequester any voting securities of the insurer owned directly or indirectly by such person, and issue such orders with respect thereto as may be appropriate to effectuate the provisions of this chapter. Notwithstanding any other provisions of law, for the purposes of this chapter, the situs of the ownership of the securities of domestic insurers shall be deemed to be in this state.  (Added to NRS by 1973, 1049)
NV Rev Stat § 692C.460 (2021)
2021 Nevada Revised Statutes|Chapter 692C - Holding Companies|NRS 692C.460 - Receivership.

Whenever it appears to the Commissioner that any person has committed a violation of this chapter, which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders or the public, the Commissioner may proceed as provided in chapter 696B of NRS to take possession of the property of such domestic insurer and to conduct the business thereof.  (Added to NRS by 1973, 1049)
NV Rev Stat § 692C.470 (2021)
2021 Nevada Revised Statutes|Chapter 692C - Holding Companies|NRS 692C.470 - Suspension, revocation or refusal of license.

Whenever it appears to the Commissioner that any person has committed a violation of this chapter which makes the continued operation of an insurer contrary to the interests of policyholders or the public, the Commissioner may, after giving notice and an opportunity to be heard, determine to suspend, revoke or refuse to renew such insurer’s license or authority to do business in this state for such period as the Commissioner finds is required for the protection of policyholders or the public. Any such determination shall be accompanied by specific findings of fact and conclusions of law.  (Added to NRS by 1973, 1049)
NV Rev Stat § 692C.480 (2021)
2021 Nevada Revised Statutes|Chapter 692C - Holding Companies|NRS 692C.480 - Criminal proceedings and penalties.

  1. Whenever it appears to the Commissioner that any insurer or any director, officer, employee or agent thereof has committed a willful violation of this chapter, the Commissioner may cause criminal proceedings to be instituted in the county in which the principal office of the insurer is located or if the insurer does not have such an office in the state then in Carson City against that insurer or the responsible director, officer, employee or agent thereof.  2. An insurer which willfully violates this chapter shall be punished by a fine of not more than $20,000.  3. A natural person who willfully violates this chapter is guilty of a category D felony and shall be punished as provided in NRS 193.130.  (Added to NRS by 1973, 1049; A 1979, 1492; 1995, 1319)
NV Rev Stat § 692C.485 (2021)
2021 Nevada Revised Statutes|Chapter 692C - Holding Companies|NRS 692C.485 - Penalty for violation of certain provisions by director or officer of insurance holding company system; order of Commissioner to cease and desist; order of Commissioner to rescind certain contracts.

  1. A director or officer of an insurance holding company system who knowingly violates, or knowingly participates in or assents to a violation of, NRS 692C.350, 692C.3548, 692C.360, 692C.363 or 692C.390, or who knowingly allows any officer or agent of the insurance holding company to engage in a transaction in violation of NRS 692C.360 or 692C.363 or to pay a dividend or make an extraordinary distribution in violation of NRS 692C.390 shall pay, after receiving notice and a hearing before the Commissioner, a fine of not more than $10,000 for each violation. In determining the amount of the fine, the Commissioner shall consider the appropriateness of the fine in relation to:  (a) The gravity of the violation;  (b) The history of any previous violations committed by the director or officer; and  (c) Any other matters as justice may require.  2. Whenever it appears to the Commissioner that an insurer or any director, officer, employee or agent of the insurer has engaged in a transaction or entered into a contract to which the provisions of NRS 692C.363 apply and for which the insurer has not obtained the Commissioner’s approval, the Commissioner may order the insurer to cease and desist immediately from engaging in any further activity relating to the transaction or contract. In addition to issuing such an order, the Commissioner may order the insurer to rescind the contract and return each party to the contract to the position the party was in before the execution of the contract if the issuing of the order is in the best interest of:  (a) The policyholders or creditors of the insurer; or  (b) The members of the general public.  (Added to NRS by 2003, 3321; A 2015, 3503)
NV Rev Stat § 692C.490 (2021)
2021 Nevada Revised Statutes|Chapter 692C - Holding Companies|NRS 692C.490 - Judicial review.

  1. Any person aggrieved by any act, determination, regulation, order or any other action of the Commissioner pursuant to this chapter may petition for review thereof in the district court in and for Carson City. The court shall conduct its review without a jury and by trial de novo, except that if all parties including the Commissioner so stipulate, the review shall be confined to the record. Portions of the record may be introduced by stipulation into evidence in a trial de novo as to those parties so stipulating.  2. The filing of an appeal pursuant to this section shall stay the application of any such regulation, order or other action of the Commissioner to the appealing party unless the court, after giving such party notice and an opportunity to be heard, determines that such a stay would be detrimental to the interests of policyholders, shareholders, creditors or the public.  3. Any person aggrieved by any failure of the Commissioner to act or make a determination required by this chapter, may petition the district court in and for Carson City for a writ of mandamus directing the Commissioner to act or make such determination forthwith.  (Added to NRS by 1973, 1050; A 1977, 100)
NV Rev Stat § 693A.010 (2021)
2021 Nevada Revised Statutes|Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers|NRS 693A.010 - Scope.

  1. Except as provided in subsection 2, this chapter applies only to domestic stock insurers and domestic mutual insurers.  2. Subsection 3 of NRS 693A.050 also applies to foreign and alien insurers whose principal United States offices are located in this state; and subsection 5 of NRS 693A.250 applies to the issuance of nonassessable policies by foreign mutual insurers.  (Added to NRS by 1971, 1797)
NV Rev Stat § 693A.020 (2021)
2021 Nevada Revised Statutes|Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers|NRS 693A.020 - Applicability of statutes relating to corporations.

Domestic stock and mutual insurers shall be governed by the applicable provisions of the general statutes of this state relating to private corporations as such statutes are constituted on January 1, 1972, or may thereafter be constituted, except where such general statutes are in conflict with the express provisions of this Code and the reasonable implications of such provisions, in which case the provisions of this Code shall govern.  (Added to NRS by 1971, 1798)
NV Rev Stat § 693A.030 (2021)
2021 Nevada Revised Statutes|Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers|NRS 693A.030 - Domestic insurer prohibited from engaging in other business; exceptions.

  1. Except as otherwise provided in subsections 2, 3 and 4, a domestic insurer formed before, on or after January 1, 1972, shall not engage in any business other than the insurance business and in business activities reasonably and necessarily incidental to the insurance business.  2. A title insurer may also engage in business as an escrow agent.  3. Any insurer may also engage in business activities reasonably related to the management, supervision, servicing of and protection of its interests as to its lawful investments, and to the full utilization of its facilities.  4. An insurer may own subsidiaries which may engage in such businesses as are provided for in NRS 682A.430.  (Added to NRS by 1971, 1798; A 1997, 1628; 2015, 3504)
NV Rev Stat § 693A.040 (2021)
2021 Nevada Revised Statutes|Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers|NRS 693A.040 - Principal offices.

  1. Except as provided in subsection 2, every domestic insurer shall have and maintain its principal office and principal place of business in this state.  2. The Commissioner for good cause shown may permit an insurer to have and maintain such office or place of business in another state if found by the Commissioner to be in the best interests of the insurer and its policyholders and reasonably convenient to the Commissioner in his or her supervision of the insurer, all subject to such reasonable terms and conditions as the Commissioner shall, by order granting such permission, establish.  (Added to NRS by 1971, 1798)
NV Rev Stat § 693A.050 (2021)
2021 Nevada Revised Statutes|Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers|NRS 693A.050 - Books, records, documents, accounts and vouchers.

  1. Every domestic insurer shall keep at its principal place of business its books, records, documents, accounts and vouchers in such a manner that its financial condition can be ascertained and that its financial statements filed with the Commissioner can readily be verified and its compliance with the law determined.  2. No insurer shall make any disbursement of $25 or more, unless evidenced by a voucher or other document correctly describing the consideration for the payment and supported by a check or receipt endorsed or signed by or on behalf of the person receiving the money. If the disbursement is for services and reimbursement, the voucher or other document, or some other writing referred to therein, shall describe the services and itemize the expenditures. If the disbursement is in connection with any matter pending before any Legislature or public body or before any public officer, the voucher or other document shall also correctly describe the nature of the matter and the nature of the insurer’s interest therein.  3. All such books, records, documents, accounts and vouchers of a domestic insurer, or of any principal United States office of a foreign or alien insurer located in this State, shall be preserved and kept available for the purposes of examination and until authority to destroy or otherwise dispose of such records is secured from the Commissioner.  4. Any director, officer, agent or employee of any insurer who destroys any such books, records or documents without the authority of the Commissioner in violation of this section is guilty of a gross misdemeanor.  (Added to NRS by 1971, 1798)
NV Rev Stat § 693A.060 (2021)
2021 Nevada Revised Statutes|Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers|NRS 693A.060 - Assets to be kept in State; exception.

  1. Every domestic insurer shall keep its assets within the State of Nevada, except where requisite for the normal transaction of its business.  2. This section does not apply to:  (a) Assets maintained at the insurer’s principal place of business located outside this State with the Commissioner’s permission granted under NRS 693A.040;  (b) Securities on deposit with or through the insurance supervisory officer of another state, province or country as a condition to authority for the transaction of insurance business by the insurer in that state, province or country; and  (c) Negotiable securities held in book entry form through the United States banking system and recorded in the name of the domestic insurer or its nominee by the authorized transfer agency or trustee of the security.  (Added to NRS by 1971, 1799; A 1991, 647)
NV Rev Stat § 693A.070 (2021)
2021 Nevada Revised Statutes|Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers|NRS 693A.070 - Removal or concealment of records or assets.

  1. A person shall not remove all or any material part of the records or assets of a domestic insurer from this State except pursuant to a plan of merger, consolidation or bulk reinsurance approved by the Commissioner under this Code, or for such other reasonable purposes and periods of time as may be permissible under NRS 693A.050 and 693A.060, or as may have been approved by the Commissioner in writing in advance of such removal.  2. A person shall not conceal any such records or assets from the Commissioner.  3. A person who unlawfully removes or attempts to remove such records or assets or such material part thereof from the principal place of business of the insurer or place of safekeeping thereof, or who unlawfully conceals or attempts to conceal the same from the Commissioner, is guilty of a category D felony and shall be punished as provided in NRS 193.130.  4. Upon any unlawful removal or attempted removal of such records or assets, or upon retention of such records or assets or material part thereof outside this State in violation of the terms of the applicable consent of the Commissioner, or upon any unlawful concealment of or attempt to conceal records or assets, the Commissioner may, in the discretion of the Commissioner, institute delinquency proceedings against the insurer pursuant to chapter 696B of NRS (conservation, rehabilitation and liquidation).  (Added to NRS by 1971, 1799; A 1995, 1319)
NV Rev Stat § 693A.080 (2021)
2021 Nevada Revised Statutes|Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers|NRS 693A.080 - Information to stockholders and regulation of proxies: Scope of provisions.

  1. This section and NRS 693A.090 and 693A.100 apply to all domestic stock insurers except:  (a) A domestic stock insurer having of record less than 100 holders of any class of equity securities; but if 95 percent or more of the insurer’s equity securities are owned or controlled by a parent or an affiliated insurer, this section and NRS 693A.090 and 693A.100 do not apply to such insurer unless its remaining securities are held of record by 500 or more persons; and  (b) Domestic stock insurers which, relative to the voting or other securities involved, file with the Securities and Exchange Commission forms of proxies, consents and authorizations pursuant to the Securities Exchange Act of 1934, as amended.  2. The Commissioner shall have authority to make and promulgate reasonable rules and regulations for the effectuation of this section and NRS 693A.090 and 693A.100, and in so doing shall give due consideration to rules and regulations promulgated for similar purposes by the insurance supervisory officers of other states.  (Added to NRS by 1971, 1800)
NV Rev Stat § 693A.090 (2021)
2021 Nevada Revised Statutes|Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers|NRS 693A.090 - Information to stockholders and regulation of proxies: Information in advance of meetings.

Every insurer to which this section and NRS 693A.080 and 693A.100 apply shall seasonably furnish to its stockholders, in advance of stockholder meetings, information in writing reasonably adequate to inform them relative to all matters to be presented by the insurer’s management for consideration of stockholders at such meeting.  (Added to NRS by 1971, 1800)
NV Rev Stat § 693A.100 (2021)
2021 Nevada Revised Statutes|Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers|NRS 693A.100 - Information to stockholders and regulation of proxies: Solicitation and form of proxies.

  1. No person shall solicit a proxy, consent or authorization in respect of any stock or other voting security of such an insurer unless he or she furnishes the person so solicited with written information reasonably adequate as to:  (a) The material matters in regard to which the powers so solicited are proposed to be used; and  (b) The person or persons on whose behalf the solicitation is made, and the interest of such person or persons in relation to such matters.  2. No person shall so furnish to another information which the informer knows or has reason to believe is false or misleading as to any material fact, or which fails to state any material fact reasonably necessary to prevent any other statement made from being misleading.  3. The form of all such proxies shall:  (a) Conspicuously state on whose behalf the proxy is solicited;  (b) Provide for dating the proxy;  (c) Impartially identify each matter or group of related matters intended to be acted upon;  (d) Provide means for the principal to instruct the vote of the shares of the principal as to approval or disapproval of each matter or group, other than election to office; and  (e) Be legibly printed, with context suitably organized,  but a proxy may confer discretionary authority as to matters as to which a choice is not specified pursuant to paragraph (d), if the form conspicuously states how it is intended to vote the proxy or authorization in each such case, and may confer discretionary authority as to other matters which may come before the meeting but unknown for a reasonable time prior to the solicitation by the persons on whose behalf the solicitation is made.  4. No proxy shall confer authority to:  (a) Vote for the election of any person to any office for which a bona fide nominee is not named in the proxy statement; or  (b) Vote in any annual meeting (or adjournment thereof) other than the annual meeting next following the date on which the proxy statement and form were furnished stockholders.  5. Any proxy, consent or authorization obtained in violation of, or which violates, this section or the lawful rules and regulations of the Commissioner relating thereto is void.  (Added to NRS by 1971, 1800)