1. In a delinquency proceeding begun in this state against a domestic insurer, claimants residing in reciprocal states may file claims either with the ancillary receivers, if any, in their respective states, or with the domiciliary receiver. All such claims must be filed on or before the last date fixed for the filing of claims in the domiciliary delinquency proceedings.
2. Controverted claims belonging to claimants residing in reciprocal states may either:
(a) Be proved in this state; or
(b) If ancillary proceedings have been commenced in such reciprocal states, be proved in those proceedings. If a claimant elects to prove a claim in ancillary proceedings and if notice of the claim and opportunity to appear and be heard is afforded the domiciliary receiver of this state, as provided in NRS 696B.320 with respect to ancillary proceedings in this state, the final allowance of such claim by the courts in the ancillary state shall be accepted in this state as conclusive as to its amount and shall also be accepted as conclusive as to its priority, if any, against special deposits or other security located within the ancillary state.
(Added to NRS by 1971, 1893)
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.