“Delinquency proceeding” defined
Known as the Insurers Conservation, Rehabilitation and Liquidation Law
The act spans §§ 696–696 (63 sections).
(Added to NRS by 1971, 1884)
“Delinquency proceeding” means:
1. Any proceeding commenced against an insurer pursuant to this chapter for the purpose of conserving, rehabilitating, reorganizing or liquidating the insurer; or
2. The summary proceedings authorized by NRS 696B.500 to 696B.565, inclusive.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.