“Domiciliary state” means the state in which an insurer is incorporated or organized or, as to an alien insurer, the state in which at the commencement of delinquency proceedings the larger amount of the insurer’s assets are held in trust or on deposit for the benefit of policyholders and creditors in the United States of America.
NRS 696B.070
“Domiciliary state” defined
Known as the Insurers Conservation, Rehabilitation and Liquidation Law
The act spans §§ 696–696 (63 sections).
Applied in 2 court decisions — leading case Frontier Ins. Serv. v. STATE, COM'R INS. (1993)
Most recently applied in Frontier Ins. Serv. v. STATE, COM'R INS. (March 1993)
(Added to NRS by 1971, 1884)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.