Business Entity Merger
For an ownership change whose name and EIN will remain the same the Nevada Division of Insurance (“Division”) will need the following:
Submit form DOC 325M
The purchase agreement should include whether or not all book of business are included and whether the debt will be assumed. Also, please indicate if appointment and affiliations are to remain in place.
For an ownership change that includes a name will change and EIN remains the same the Division will need the following:
Submit form DOC325N
For an Ownership change that the EIN will change you MUST submit a new application
- Merger/Dissolution Agreement: The purchase agreement should include whether or not all book of business are included and whether the debt will be assumed. Based on the purchase agreement the division may have further questions
- Application: A new license needs to be obtained for the new EIN.
- Voluntary Surrender: A voluntary surrender must be submitted for the entity that is being absorbed.
- Affiliations & Appointments: In the event of a merger, agent appointments and individual affiliations do not transfer. Only those individuals and insurers that were active under surviving/new entity will remain active. Any agents of any of the merging entities must be affiliated to the surviving/new entity. The Division will temporarily hold off on the certificate of merger and dissolution and allow the entity the additional time necessary to obtain the proper appointments and affiliations under surviving/new entity. Once the entity has confirmed that it has completed adding the appointments and affiliations, the Division will proceed with the merger, dissolution, and name change. Please contact the Division at (775) 687-0700.
Insurers will need to reappoint to the surviving entity. Appointment may be submitted online utilizing SIRCON
Please contact the Office of the Nevada Secretary of State to comply with its requirements for any such merger, dissolution, and name change.