If an ancillary receiver in another state or foreign country, by whatever name called, fails to transfer to the domiciliary liquidator in this state any assets within the control of the ancillary receiver other than special deposits, diminished only by the expenses, if any, of the ancillary receivership, claims filed in the ancillary receivership, other than special deposit claims or secured claims, must be placed in the class of claims specified in paragraph (j) of subsection 1 of NRS 696B.420.
NRS 696B.430
Subordination of claims for failure to cooperate
Known as the Insurers Conservation, Rehabilitation and Liquidation Law
The act spans §§ 696–696 (63 sections).
(Added to NRS by 1971, 1899; A 1997, 3040; 1999, 2526)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.