[Rev. 5/25/2022 11:37:15 AM]

 

[NAC-695A Revised Date: 8-15]

CHAPTER 695A - FRATERNAL BENEFIT SOCIETIES

695A.100        Capital account.

 

 

 

      NAC 695A.100  Capital account. (NRS 679B.130, 681B.290)

     1.  Each society shall maintain a capital account with a net worth in an amount which is not less than the amount of risk-based capital determined in the manner set forth in NRS 681B.290 and the regulations adopted pursuant thereto.

     2.  As used in this section, “society” has the meaning ascribed to it in NRS 695A.044.

     (Added to NAC by Comm’r of Insurance by R132-13, 6-23-2014, eff. 10-1-2014)