The Commissioner may apply to the court for an order appointing the Commissioner as ancillary receiver of and directing the Commissioner to liquidate the business of a foreign or alien insurer having assets, business or claims in this state upon the appointment in the domiciliary sovereignty of such insurer of a receiver, liquidator, conservator, rehabilitator or other officer by whatever name called for the purpose of liquidating the business of the insurer.
NRS 696B.240
Grounds for ancillary liquidation: Foreign and alien insurers
Known as the Insurers Conservation, Rehabilitation and Liquidation Law
The act spans §§ 696–696 (63 sections).
(Added to NRS by 1971, 1889)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.