1. An insurance company may be organized under this chapter, but such a corporation may not:
- (a) Transact any such business within this State until it has first complied with all laws concerning or affecting the right to engage in such business; or
- (b) Infringe on the laws of any other state or country in which it may intend to engage in business, by so organizing under this chapter.
- 2. No stock fire insurance company, surety company, express company, trust company, stock savings and loan association or savings bank or corporation organized for the purpose of conducting a banking business may be organized under this chapter.
(Added to NRS by 1991, 1258; A 2013, 1274)