“Reciprocal state” means any state other than this state in which in substance and effect the provisions of the Uniform Insurers Liquidation Act or the Insurer Receivership Model Act are in force, including provisions requiring that the commissioner of insurance or the equivalent insurance supervisory officer be the receiver of a delinquent insurer, and in which effective provisions exist for avoidance of fraudulent conveyances and unlawful preferential transfers.
NRS 696B.150
“Reciprocal 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, 1885; A 2019, 1725)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.