Title 57

NRS 696A.230 Service contract: Misrepresentation of terms, benefits or privileges prohibited. A club or an officer or agent thereof shall not in any manner misrepresent the terms, benefits or privileges of any service contract issued or to be issued by it. (Added to NRS by 1971, …

NRS 696A.240 Service contract: Contrary to provisions of chapter valid and binding. Any service contract made, issued or delivered contrary to any provision of this chapter, shall nevertheless be valid and binding on the club. (Added to NRS by 1971, 1881)

NRS 696A.250 License: Required to act as club agent. No person shall act as a club agent in this state without first procuring a license so to act from the Commissioner. (Added to NRS by 1971, 1881)

NRS 696A.260 License: Contents of application. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child s…

NRS 696A.270 License: Conditions for issuance and renewal. For the protection of the people of this state, the Commissioner shall not: 1. Issue or renew any club agent’s license except in compliance with this chapter. 2. Issue or renew any club agent’s license to, or to be exerci…

NRS 696A.280 License: Qualifications. The Commissioner shall license as a club agent only an individual who has otherwise complied with this chapter, and who has furnished evidence satisfactory to the Commissioner that the individual: 1. Is at least 21 years of age. 2. Is a bona …

NRS 696A.290 License: Form and contents. The Commissioner shall prescribe the form of the club agent’s license, but it shall contain: 1. The name of the licensee and the business address of the licensee. 2. The date of issuance and the date of expiration. 3. The name of the repre…

NRS 696A.300 License: Term; renewal; fees. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child suppo…

NRS 696A.303 Payment of child support: Statement by applicant for license; grounds for denial of license; duty of Commissioner. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and…

NRS 696A.307 Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, su…

NRS 696A.310 Suspension or revocation of or refusal to renew license of club agent. The Commissioner may suspend, revoke or refuse to renew any club agent’s license issued under this chapter for any cause specified in any other provision of this chapter, or for any of the same ap…

NRS 696A.320 Revocation, suspension or refusal of licenses of firms, partnerships or corporations. The club agent’s license of any firm, partnership or corporation may be suspended, revoked or refused for any cause which relates to any individual designated in the license to exer…

NRS 696A.340 Applicability of chapter. This chapter does not apply to: 1. A duly authorized attorney at law acting in the usual course of his or her profession. 2. Any authorized insurer. 3. Any motor carrier association providing one or more of the services described in NRS 696A…

NRS 696A.350 Penalties. 1. Any person violating the provisions of NRS 696A.080 to 696A.110, inclusive, is guilty of a gross misdemeanor. 2. Any person violating any other provisions of NRS 696A.010 to 696A.340, inclusive, other than NRS 696A.080 to 696A.110, inclusive, is guilty …

NRS 696A.360 Applicability of other provisions. Motor clubs are also subject, in the same manner as insurers, to the following provisions of this Code to the extent reasonably applicable: 1. Chapter 679A of NRS (scope and definitions); 2. Chapter 679B of NRS (Commissioner of Insu…

NRS 696B.010 Short title. This chapter constitutes and may be cited as the Insurers Conservation, Rehabilitation and Liquidation Law. (Added to NRS by 1971, 1883)

NRS 696B.020 Applicability of chapter. The applicable provisions of this chapter apply to: 1. All insurers authorized to transact insurance in this state; 2. All insurers having policyholders resident in this state; 3. All insurers against whom a claim under an insurance contract…

NRS 696B.030 Definitions. As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 696B.040 to 696B.180, inclusive, shall have the meanings ascribed to them in NRS 696B.040 to 696B.180, inclusive. (Added to NRS by 1971, 1884)

NRS 696B.040 “Ancillary state” defined. “Ancillary state” means any state other than a domiciliary state. (Added to NRS by 1971, 1884)

NRS 696B.050 “Creditor” defined. “Creditor” means a person having a claim, whether matured or unmatured, liquidated or unliquidated, secured or unsecured, or absolute, fixed or contingent. (Added to NRS by 1971, 1884)

NRS 696B.060 “Delinquency proceeding” defined. “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 …

NRS 696B.070 “Domiciliary state” defined. “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…

NRS 696B.080 “Foreign country” defined. “Foreign country” means territory not in any state. (Added to NRS by 1971, 1884)

NRS 696B.090 “General assets” defined. 1. “General assets” means all property, real, personal or otherwise, not specifically mortgaged, pledged, deposited or otherwise encumbered for the security or benefit of specified persons or a limited class or classes of persons, and as to …

NRS 696B.100 “Impairment” defined. “Impairment” exists as to: 1. A stock insurer when the insurer’s assets do not at least equal the sum of its liabilities, including also its paid-in capital stock account and the minimum surplus required to be maintained under this Code for auth…

NRS 696B.110 “Insolvency” defined. “Insolvency” exists: 1. When the insurer fails to meet its obligations as they mature; 2. When a stock insurer’s assets are less than the sum of its liabilities and its paid-in capital stock account; 3. When a mutual insurer’s assets are less th…

NRS 696B.120 “Insurer” defined. “Insurer,” in addition to persons so defined under NRS 679A.100, includes also persons purporting to be insurers, or organizing or holding themselves out as organizing in this state for the purpose of becoming insurers. (Added to NRS by 1971, 1885)

NRS 696B.130 “Preferred claim” defined. “Preferred claim” means any claim accorded priority of payment from the insurer’s general assets under applicable law. (Added to NRS by 1971, 1885)

NRS 696B.140 “Receiver” defined. “Receiver” means a receiver, liquidator, rehabilitator or conservator, as the context requires. (Added to NRS by 1971, 1885)

NRS 696B.150 “Reciprocal state” defined. “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 co…

NRS 696B.160 “Secured claim” defined. 1. “Secured claim” means any claim secured by mortgage, trust deed, pledge, deposit as security, escrow or otherwise, but not including special deposit claims or claims against general assets. 2. “Secured claim” includes claims which have bec…

NRS 696B.170 “Special deposit claim” defined. “Special deposit claim” means any claim secured by a deposit made under a statute for the security or benefit of a limited class or classes of persons, but not including any general assets. (Added to NRS by 1971, 1886)

NRS 696B.180 “State” defined. “State” has the meaning ascribed to it in NRS 679A.120. (Added to NRS by 1971, 1886)

NRS 696B.190 Jurisdiction of delinquency proceedings; Nevada Rules of Civil Procedure do not govern commencement of delinquency proceeding; venue; exclusiveness of remedy; appeal. 1. The district court has original jurisdiction of delinquency proceedings under NRS 696B.010 to 696…

NRS 696B.200 Jurisdiction over related persons and transactions; service of process. 1. A court of this state in which an order of rehabilitation or liquidation has been entered in delinquency proceedings against a domestic insurer or alien insurer domiciled in this state, has ju…

NRS 696B.210 Grounds for conservation or rehabilitation of domestic insurer or domiciled alien insurer. The Commissioner may petition for an order directing the Commissioner to conserve the assets of or to rehabilitate a domestic insurer or an alien insurer domiciled in this stat…

NRS 696B.220 Grounds for liquidation of domestic insurer or domiciled alien insurer. The Commissioner may apply to the court for an order appointing the Commissioner as receiver (if his or her appointment as receiver is not then in effect) and directing the Commissioner to liquid…

NRS 696B.230 Grounds for conservation: Foreign and alien insurers. The Commissioner may apply to the court for an order appointing the Commissioner as receiver or ancillary receiver, and directing the Commissioner to conserve the assets within this state, of a foreign or alien in…

NRS 696B.240 Grounds for ancillary liquidation: Foreign and alien insurers. 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 asse…

NRS 696B.250 Commencement of delinquency proceeding: Petition; order to show cause. 1. The Commissioner shall commence a delinquency proceeding authorized under this chapter, the Attorney General representing the Commissioner, by filing a petition in a court of proper jurisdictio…

NRS 696B.255 Commissioner as receiver, rehabilitator or liquidator authorized to appoint advisory committee; payment of costs. 1. The Commissioner, as receiver, rehabilitator or liquidator, may, with the approval of the court, appoint an advisory committee of policyholders, claim…

NRS 696B.260 Service of process. A certified copy of any order to show cause issued under NRS 696B.250, and a copy of the petition upon which the order is made, must be served upon the insurer by delivering the same to its president, vice president, secretary, treasurer, director…

NRS 696B.270 Injunctions. 1. Upon application by the Commissioner for such an order to show cause, or at any time thereafter, the court may without notice issue an injunction restraining the insurer, its officers, directors, stockholders, members, subscribers, agents and all othe…

NRS 696B.280 Uniform Insurers Liquidation Act and Insurer Receivership Model Act: Composition; severability; interpretation. 1. This section, NRS 696B.030 to 696B.180, inclusive, (definitions) and NRS 696B.290 to 696B.340, inclusive, comprise the Uniform Insurers Liquidation Act …

NRS 696B.290 Conduct of delinquency proceedings against domestic insurers and certain alien insurers; appointment and payment of costs of special deputy commissioners and other persons. 1. Whenever under this chapter a receiver is to be appointed in delinquency proceedings for an…

NRS 696B.300 Conduct of delinquency proceedings against foreign insurers. 1. Whenever under this chapter an ancillary receiver is to be appointed in delinquency proceedings for an insurer not domiciled in this State, the court shall appoint the Commissioner as ancillary receiver.…