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 jurisdiction praying for appointment of the Commissioner as receiver of the insurer.
2. Upon the filing of the petition the court shall issue an order directing the insurer to appear in court on the day fixed in the order and show cause why the petition should not be granted. Unless good cause is shown for a shorter period, the order shall require the insurer so to show cause not less than 15 days nor more than 30 days from the date of the order.
3. The order to show cause and service thereof on the insurer shall constitute due and legal process and shall be in lieu of any other process otherwise provided by law or court rule.
(Added to NRS by 1971, 1890)
Structure Nevada Revised Statutes
Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation
NRS 696B.020 - Applicability of chapter.
NRS 696B.040 - "Ancillary state" defined.
NRS 696B.050 - "Creditor" defined.
NRS 696B.060 - "Delinquency proceeding" defined.
NRS 696B.070 - "Domiciliary state" defined.
NRS 696B.080 - "Foreign country" defined.
NRS 696B.090 - "General assets" defined.
NRS 696B.100 - "Impairment" defined.
NRS 696B.110 - "Insolvency" defined.
NRS 696B.120 - "Insurer" defined.
NRS 696B.130 - "Preferred claim" defined.
NRS 696B.140 - "Receiver" defined.
NRS 696B.150 - "Reciprocal state" defined.
NRS 696B.160 - "Secured claim" defined.
NRS 696B.170 - "Special deposit claim" defined.
NRS 696B.180 - "State" defined.
NRS 696B.190 - Jurisdiction of delinquency proceedings; venue; exclusiveness of remedy; appeal.
NRS 696B.200 - Jurisdiction over related persons and transactions; service of process.
NRS 696B.220 - Grounds for liquidation of domestic insurer or domiciled alien insurer.
NRS 696B.230 - Grounds for conservation: Foreign and alien insurers.
NRS 696B.240 - Grounds for ancillary liquidation: Foreign and alien insurers.
NRS 696B.250 - Commencement of delinquency proceeding: Petition; order to show cause.
NRS 696B.260 - Service of process.
NRS 696B.300 - Conduct of delinquency proceedings against foreign insurers.
NRS 696B.310 - Claims of nonresidents against domestic insurers.
NRS 696B.320 - Claims of residents against foreign insurers.
NRS 696B.332 - Reporting and filing requirements of receiver; extension or modification of time.
NRS 696B.360 - Deposit of money.
NRS 696B.370 - Exemption of Commissioner from fees.
NRS 696B.380 - Borrowing on pledge of assets.
NRS 696B.390 - Termination of conservation or rehabilitation.
NRS 696B.400 - Date rights fixed on liquidation.
NRS 696B.410 - Prohibited and voidable transfers and liens.
NRS 696B.420 - Order of distribution of claims from estate of insurer on liquidation.
NRS 696B.430 - Subordination of claims for failure to cooperate.
NRS 696B.450 - Allowance of certain claims.
NRS 696B.460 - Entry of order of insolvency; notice by Commissioner of time to file claims.
NRS 696B.470 - Report and petition for assessment.
NRS 696B.480 - Assessment: Order and levy.
NRS 696B.500 - Summary proceedings: Commissioner’s corrective orders authorized.
NRS 696B.510 - Summary proceedings: Appeal from Commissioner’s order.
NRS 696B.520 - Summary proceedings: Enforcement; penalty.
NRS 696B.530 - Summary proceedings: Seizure under court order.
NRS 696B.540 - Summary proceedings: Seizure under Commissioner’s order.
NRS 696B.560 - Summary proceedings: Penalty for refusal to deliver property and records.