Current through December 12, 2024
Section 693A.390 - Bonus, profit-sharing and other remuneration plansIf action is to be taken with respect to any bonus, profit-sharing or other remuneration plan of the insurer, the following information is required:
1. A brief description of the material features of the plan, each class of persons who will participate therein, the approximate number of persons in each class and the basis of participation.2. The amounts which would have been distributable under the plan during the last calendar year to:(a) Each person named in NAC 693A.380;(b) Directors and officers as a group; and(c) All other employees as a group,if the plan had been in effect during that year.
3. If the plan to be acted upon may be amended, other than by a vote of security holders, in a manner which would materially increase the cost thereof to the insurer or materially alter the allocation of the benefits between the groups specified in subsection 2 of this section, the nature of such amendments must be specified.Nev. Admin. Code § 693A.390
Comm'r of Insurance, Schedule A item 8, eff. 5-13-72