Title 57

NRS 696B.334 Reporting and filing requirements of guaranty association; extension or modification of time. 1. Not later than 1 year after the date of entry of an order appointing a receiver in delinquency proceedings for an insurer pursuant to this chapter, and at such intervals …

NRS 696B.340 Attachment and garnishment of or execution on insurer or assets prohibited during pendency of delinquency proceedings. During the pendency of delinquency proceedings in this or any reciprocal state, no action or proceeding in the nature of an attachment, garnishment …

NRS 696B.350 Limitations on enjoining, restraining or interfering with insurer’s business or appointment of receiver; action by judgment creditor. 1. Except as provided in subsection 2, no order, judgment or decree enjoining, restraining or interfering with the prosecution of the…

NRS 696B.360 Deposit of money. 1. Except as otherwise provided in this section: (a) The money collected by the Commissioner in a proceeding under this chapter must be from time to time deposited in one or more state or national banks, savings banks, credit unions or trust compani…

NRS 696B.370 Exemption of Commissioner from fees. The Commissioner shall not be required to pay any fee to any public officer in this state for service of process, or for filing, recording, issuing a transcript or certificate or authenticating any paper or instrument pertaining t…

NRS 696B.380 Borrowing on pledge of assets. 1. For the purpose of facilitating the rehabilitation, liquidation, conservation or dissolution of an insurer pursuant to NRS 696B.010 to 696B.565, inclusive, the Commissioner may, subject to the approval of the court, borrow money and …

NRS 696B.390 Termination of conservation or rehabilitation. If at any time the court finds, after a hearing in open court, upon petition of the Commissioner or of the insurer or of its own motion, that the objectives of an order to conserve or rehabilitate a domestic insurer or a…

NRS 696B.400 Date rights fixed on liquidation. The rights and liabilities of the insurer and of its creditors, policyholders, stockholders, members, subscribers and all other persons interested in its estate shall, unless otherwise directed by the court, be fixed as of the date o…

NRS 696B.410 Prohibited and voidable transfers and liens. 1. No insurer shall make any transfer of or create any lien upon any of its property with the intent of giving to or enabling any creditor or policyholder to obtain a greater percentage of his or her debt than any other cr…

NRS 696B.412 Recovery by receiver of certain distributions on capital stock and payments to directors, officers and employees; scope of liability. 1. Except as otherwise provided in subsections 2 and 4, if an order for liquidation or rehabilitation of a domestic insurer has been …

NRS 696B.415 Disbursements to insurance guaranty associations; administrative expenses; claims for unearned premiums. 1. Upon the issuance of an order of liquidation with a finding of insolvency against a domestic insurer, the Commissioner shall apply to the district court for au…

NRS 696B.420 Order of distribution of claims from estate of insurer on liquidation. 1. The order of distribution of claims from the estate of the insurer on liquidation of the insurer must be as set forth in this section. Each claim in each class must be paid in full or adequate …

NRS 696B.430 Subordination of claims for failure to cooperate. 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 s…

NRS 696B.440 Offsets. 1. Except as provided in subsection 2, in all cases of mutual debts or mutual credits between the insurer and another person in connection with any action or proceeding under this chapter, such credits and debts shall be setoff and the balance only shall be …

NRS 696B.450 Allowance of certain claims. 1. No contingent and unliquidated claim shall share in a distribution of the assets of an insurer which has been adjudicated to be insolvent by an order made pursuant to this chapter, except that such claim shall be considered, if properl…

NRS 696B.460 Entry of order of insolvency; notice by Commissioner of time to file claims. 1. If upon the entry of an order of liquidation under this chapter or at any time thereafter during liquidation proceedings the insurer is not clearly solvent, the court shall, upon a hearin…

NRS 696B.470 Report and petition for assessment. Within 3 years after the date of the entry of an order of rehabilitation or liquidation of a domestic mutual insurer or a domestic reciprocal insurer, the Commissioner may make and file a report and petition to the court setting fo…

NRS 696B.480 Assessment: Order and levy. 1. Upon the filing and reading of the report and petition provided for in NRS 696B.470, the court, ex parte, may order the Commissioner to assess all members or subscribers of the insurer who may be subject to such an assessment, in such a…

NRS 696B.490 Assessment: Prima facie correct; notice to members and subscribers; payment; proceedings to collect. 1. Any assessment of a subscriber or member of an insurer made by the Commissioner pursuant to the order of court fixing the aggregate amount of the assessment agains…

NRS 696B.500 Summary proceedings: Commissioner’s corrective orders authorized. 1. If the Commissioner determines after a hearing that any insurer has committed or engaged in, or is committing or engaging in, or is about to commit or engage in any act, practice or transaction that…

NRS 696B.510 Summary proceedings: Appeal from Commissioner’s order. 1. If the Commissioner has issued a summary order before hearing as provided in subsection 2 of NRS 696B.500, any person upon whom such order is served may waive the Commissioner’s hearing and apply for any immed…

NRS 696B.520 Summary proceedings: Enforcement; penalty. 1. The Commissioner may apply for and any district court may grant such restraining orders, temporary and permanent injunctions and other orders as may be deemed necessary to enforce the Commissioner’s order. 2. A violation …

NRS 696B.530 Summary proceedings: Seizure under court order. 1. Upon filing by the Commissioner in any district court of this state of his or her verified petition alleging any ground for a formal delinquency proceeding against an insurer under this chapter and that the interests…

NRS 696B.540 Summary proceedings: Seizure under Commissioner’s order. 1. If it appears to the Commissioner that the interests of policyholders, creditors or the public will be jeopardized by delay incident to requesting a court seizure order, then on any ground which would justif…

NRS 696B.550 Summary proceedings: Conduct of administrative and judicial hearings; confidentiality of records. 1. The Commissioner shall hold all hearings in summary proceedings privately unless the insurer requests a public hearing, in which case the hearing must be public. 2. T…

NRS 696B.560 Summary proceedings: Penalty for refusal to deliver property and records. Any person having possession or custody of and refusing to deliver to the Commissioner or a representative of the Commissioner upon request any of the property, books, accounts, documents or ot…

NRS 696B.565 Officers, agents, employees and attorneys of Division: Immunity from liability; indemnification. 1. The Commissioner, as receiver, all present and former deputy receivers, special deputy receivers and their employees, and the other officers, agents, employees and att…

NRS 696B.570 Federal receivership. 1. If the Commissioner believes that rehabilitation or liquidation of a domestic insurer or alien insurer domiciled in this state upon grounds for such rehabilitation or liquidation set forth in this chapter would thereby be facilitated, and whe…

NRS 696C.010 Definitions. As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 696C.020 and 696C.030 have the meanings ascribed to them in those sections. (Added to NRS by 2017, 2327)

NRS 696C.020 “Commissioner” defined. “Commissioner” means the Commissioner of Insurance and, if applicable: 1. A deputy of the Commissioner; or 2. The Division. (Added to NRS by 2017, 2327)

NRS 696C.030 “Insurer” defined. “Insurer” includes, without limitation: 1. A captive insurer that has been issued a certificate of authority pursuant to chapter 694C of NRS; 2. A fraternal benefit society that has been issued a certificate of authority pursuant to chapter 695A of…

NRS 696C.050 Applicability. The provisions of this chapter apply to: 1. All domestic insurers; 2. Any foreign insurer doing business in this State regarding whom an applicable official of the foreign insurer’s state of domicile has requested that the Commissioner apply the provis…

NRS 696C.100 Conditions for placement under administrative supervision; duties of Commissioner; duration; review. 1. The Commissioner may place an insurer under administrative supervision if: (a) At any time, the Commissioner determines that: (1) The insurer is in a hazardous fin…

NRS 696C.110 Commissioner or designee required to serve as administrative supervisor; authority of Commissioner to prohibit insurer under administrative supervision from taking certain actions without approval of administrative supervisor. 1. During the period an insurer is under…

NRS 696C.120 Confidentiality; exceptions. 1. Notwithstanding any other provision of law and except as set forth in this section and NRS 239.0115, any proceedings and hearings, and any notices, correspondence, reports, records and other information in the possession of the Commiss…

NRS 696C.130 Contest of action of administrative supervisor. 1. During the period an insurer is under administrative supervision pursuant to NRS 696C.100, the insurer may contest any action taken or proposed to be taken by the administrative supervisor designated pursuant to subs…

NRS 696C.140 Effect of chapter on Commissioner’s power to institute delinquency proceedings. Nothing in this chapter shall be construed to limit the authority of the Commissioner to institute delinquency proceedings against an insurer pursuant to chapter 696B of NRS for the purpo…

NRS 696C.150 Meetings between Commissioner and administrative supervisor or representative. Notwithstanding any other provision of law, at the time of any proceeding or during the pendency of any proceeding held pursuant to this chapter, the Commissioner may meet with an administ…

NRS 696C.160 Regulations; employment of staff by Commissioner; payment by insurer of costs of such staff and administrative supervisor. The Commissioner may: 1. Adopt any regulations necessary to carry out the purposes and provisions of this chapter; 2. In addition to an administ…

NRS 696C.170 Commissioner, staff and administrative supervisor: Immunity from liability. There shall be no liability on the part of, and no cause of action of any nature against, the Commissioner or any employee or agent of the Commissioner, or an administrative supervisor design…

NRS 697.020 Definitions. As used in this Code, unless the context otherwise requires, the words and terms defined in NRS 697.030 to 697.075, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 1971, 1905; A 1997, 3383; 2023, 2647)

NRS 697.030 “Bail” defined. “Bail” means a deposit made with a court or other governmental agency to secure or continue the release from custody and to guarantee the appearance of the defendant in a criminal proceeding. The term includes bail bonds, undertakings of bail and any p…

NRS 697.040 “Bail agent” defined. “Bail agent” means any individual appointed by an authorized surety insurer by power of attorney to execute or countersign undertakings of bail in connection with judicial proceedings and who receives or is promised money or other things of value…

NRS 697.055 “Bail enforcement agent” defined. “Bail enforcement agent” means a person who has contracted with or is employed by a surety or bail agent as a special agent to enforce the terms and conditions of a defendant’s release from custody on bail in a criminal proceeding, to…

NRS 697.060 “Bail solicitor” defined. “Bail solicitor” means a person employed by a bail agent to solicit bail transactions as a representative of the bail agent. (Added to NRS by 1971, 1906; A 1997, 3383)

NRS 697.070 “General agent” defined. 1. “General agent” means any individual or person appointed by an insurer to supervise or manage the bail bond business written by bail agents of such insurer. 2. A general agent shall not solicit or negotiate undertakings of bail or bail bond…