Nevada Revised Statutes 694B.035 – Reciprocal insurer authorized to affect title to real property for purposes of insurer
Current as of: 2023 | Check for updates
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A reciprocal insurer may purchase, sell, mortgage, encumber, lease or otherwise affect the title to real property for the purposes and objects of the reciprocal insurer. All deeds, notes, mortgages or other documents relating to the real property may be executed in the name of the reciprocal insurer by its attorney.
Terms Used In Nevada Revised Statutes 694B.035
- Attorney: as used in this chapter , refers to the attorney-in-fact of a reciprocal insurer. See Nevada Revised Statutes 694B.050
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.