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Nevada Revised Statutes

Chapter 696B

Nev. Rev. Stat. ch. 696B

Delinquent Insurers: Conservation, Rehabilitation and Liquidation

696B.010Short title 696B.020Applicability of chapter 696B.030Definitions 696B.040“Ancillary state” defined 696B.050“Creditor” defined 696B.060“Delinquency proceeding” defined 696B.070“Domiciliary state” defined 696B.080“Foreign country” defined 696B.090“General assets” defined 696B.100“Impairment” defined 696B.110“Insolvency” defined 696B.120“Insurer” defined 696B.130“Preferred claim” defined 696B.140“Receiver” defined 696B.150“Reciprocal state” defined 696B.160“Secured claim” defined 696B.170“Special deposit claim” defined 696B.180“State” defined 696B.190Jurisdiction of delinquency proceedings; Nevada Rules of Civil Procedure do not govern commencement of delinquency proceeding; venue; exclusiveness of remedy; appeal 696B.200Jurisdiction over related persons and transactions; service of process 696B.210Grounds for conservation or rehabilitation of domestic insurer or domiciled alien insurer 696B.220Grounds for liquidation of domestic insurer or domiciled alien insurer 696B.230Grounds for conservation: Foreign and alien insurers 696B.240Grounds for ancillary liquidation: Foreign and alien insurers 696B.250Commencement of delinquency proceeding: Petition; order to show cause 696B.255Commissioner as receiver, rehabilitator or liquidator authorized to appoint advisory committee; payment of costs 696B.260Service of process 696B.270Injunctions 696B.280Uniform Insurers Liquidation Act and Insurer Receivership Model Act: Composition; severability; interpretation 696B.290Conduct of delinquency proceedings against domestic insurers and certain alien insurers; appointment and payment of costs of special deputy commissioners and other persons 696B.300Conduct of delinquency proceedings against foreign insurers 696B.310Claims of nonresidents against domestic insurers 696B.320Claims of residents against foreign insurers 696B.330Claims: Form; date for filing; approval or denial by receiver; notice and report regarding determinations; objections; hearing; order 696B.332Reporting and filing requirements of receiver; extension or modification of time 696B.334Reporting and filing requirements of guaranty association; extension or modification of time 696B.340Attachment and garnishment of or execution on insurer or assets prohibited during pendency of delinquency proceedings 696B.350Limitations on enjoining, restraining or interfering with insurer’s business or appointment of receiver; action by judgment creditor 696B.360Deposit of money 696B.370Exemption of Commissioner from fees 696B.380Borrowing on pledge of assets 696B.390Termination of conservation or rehabilitation 696B.400Date rights fixed on liquidation 696B.410Prohibited and voidable transfers and liens 696B.412Recovery by receiver of certain distributions on capital stock and payments to directors, officers and employees; scope of liability 696B.415Disbursements to insurance guaranty associations; administrative expenses; claims for unearned premiums 696B.420Order of distribution of claims from estate of insurer on liquidation 696B.430Subordination of claims for failure to cooperate 696B.440Offsets 696B.450Allowance of certain claims 696B.460Entry of order of insolvency; notice by Commissioner of time to file claims 696B.470Report and petition for assessment 696B.480Assessment: Order and levy 696B.490Assessment: Prima facie correct; notice to members and subscribers; payment; proceedings to collect 696B.500Summary proceedings: Commissioner’s corrective orders authorized 696B.510Summary proceedings: Appeal from Commissioner’s order 696B.520Summary proceedings: Enforcement; penalty 696B.530Summary proceedings: Seizure under court order 696B.540Summary proceedings: Seizure under Commissioner’s order 696B.550Summary proceedings: Conduct of administrative and judicial hearings; confidentiality of records 696B.560Summary proceedings: Penalty for refusal to deliver property and records 696B.565Officers, agents, employees and attorneys of Division: Immunity from liability; indemnification 696B.570Federal receivership