694B.030 - Powers of reciprocal insurers. - Nevada Statutes

694B.030  Powers of reciprocal insurers.

      1.  A reciprocal insurer may, upon qualifying therefor as provided for by this Code, transact any kind or kinds of insurance defined by this Code other than life or title insurances.

      2.  Such an insurer may purchase reinsurance upon the risk of any subscriber, and may grant reinsurance as to any kind of insurance it is authorized to transact directly.

      (Added to NRS by 1971, 1827)