reglab/housing_qa huggingface dataset:
NV Rev Stat § 696B.255 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|NRS 696B.255 - Commissioner as receiver, rehabilitator or liquidator authorized to appoint special deputies and advisory committee.

  1. The Commissioner, as receiver, rehabilitator or liquidator, may appoint one or more special deputies who have all the powers and responsibilities of a receiver, rehabilitator or liquidator, and the Commissioner may employ such counsels, clerks and assistants as the Commissioner considers necessary. The compensation of such special deputies, counsels, clerks and assistants and all expenses of taking possession of the insurer and of conducting the proceedings must be fixed by the Commissioner with the approval of the court, and paid out of the money or other assets of the insurer. The persons appointed pursuant to this section serve at the pleasure of the Commissioner. The Commissioner, as receiver, rehabilitator or liquidator, may, with the approval of the court, appoint an advisory committee of policyholders, claimants or other creditors, including guaranty associations, if the Commissioner considers such a committee necessary. The committee serves at the pleasure of the Commissioner and serves without compensation other than reimbursement for reasonable travel and other expenses. No other committee of any nature may be appointed by the Commissioner or the court in proceedings for receivership, rehabilitation or liquidation conducted pursuant to this chapter.  2. If the property of the insurer does not contain sufficient cash or liquid assets to defray the costs incurred, the Commissioner may advance the costs so incurred out of any appropriation for the maintenance of the Division. Any amounts so advanced for expenses of administration must be repaid to the Commissioner out of the first available money of the insurer.  (Added to NRS by 1995, 1634)
NV Rev Stat § 696B.260 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|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, agent for service of process, or to its managing agent, or attorney-in-fact, if a reciprocal insurer. If no such officer or functionary can readily be found in this State, then such process may be served upon the insurer by service thereof upon the Commissioner pursuant to NRS 680A.250 and 680A.260, and in which case the additional 10 days provided by subsection 3 of NRS 680A.260 does not apply.  (Added to NRS by 1971, 1890; A 2007, 2727)
NV Rev Stat § 696B.270 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|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 other persons from the transaction of its business or the waste or disposition of its property until the further order of the court, but the court shall so frame its injunction as not to prevent the Nevada Life and Health Insurance Guaranty Association and the Nevada Insurance Guaranty Association from exercising their respective powers under this title.  2. The court may at any time during a proceeding under NRS 696B.010 to 696B.565, inclusive, issue such other injunctions or orders as may be deemed necessary to prevent interference with the Commissioner or the proceeding, or waste of the assets of the insurer, or the commencement or prosecution of any actions, or the obtaining of preferences, judgments, attachments or other liens, or the making of any levy against the insurer or against its assets or any part thereof.  3. No bond may be required of the Commissioner as a prerequisite for the issuance of any injunction or restraining order pursuant to this section.  (Added to NRS by 1971, 1890; A 1991, 883)
NV Rev Stat § 696B.280 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|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 and the Insurer Receivership Model Act.  2. If any provision of the NAIC Acts or the application thereof to any person or circumstances is held invalid, such invalidity shall not affect other provisions or applications of the NAIC Acts which can be given effect without the invalid provision or application, and to this end the provisions of the NAIC Acts are declared to be severable.  3. The NAIC Acts shall be so interpreted as to effectuate the general purpose to make uniform the laws of those states which enact the Uniform Insurers Liquidation Act or the Insurer Receivership Model Act. To the extent that the provisions of the NAIC Acts, when applicable, conflict with other provisions of this Code, the provisions of the NAIC Acts shall control.  4. As used in this section, "NAIC Acts" means this section, NRS 696B.030 to 696B.180, inclusive, and NRS 696B.290 to 696B.340, inclusive.  (Added to NRS by 1971, 1891; A 2019, 1725)
NV Rev Stat § 696B.300 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|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. The Commissioner shall file a petition requesting the appointment on the grounds set forth in NRS 696B.230 or 696B.240:  (a) If the Commissioner finds that there are sufficient assets of the insurer located in this State to justify the appointment of an ancillary receiver; or  (b) If 10 or more persons resident in this State having claims against such insurer file a petition with the Commissioner requesting the appointment of such ancillary receiver.  2. The domiciliary receiver for the purpose of liquidating an insurer domiciled in a reciprocal state shall be vested by operation of law with the title to all of the property, contracts and rights of action, and all of the books and records of the insurer located in this State, and the domiciliary receiver shall have the immediate right to recover balances due from local agents and to obtain possession of any books and records of the insurer found in this State. The domiciliary receiver shall also be entitled to recover the other assets of the insurer located in this State, except that upon the appointment of an ancillary receiver in this State, the ancillary receiver shall during the ancillary receivership proceedings have the sole right to recover such other assets. The ancillary receiver shall, as soon as practicable, liquidate from their respective securities those special deposit claims and secured claims which are proved and allowed in the ancillary proceedings in this State, and shall pay the necessary expenses of the proceedings. All remaining assets the ancillary receiver shall promptly transfer to the domiciliary receiver. Subject to the provisions of this section, the ancillary receiver and the deputies of the ancillary receiver shall have the same powers and be subject to the same duties with respect to the administration of such assets as a receiver of an insurer domiciled in this State.  3. The domiciliary receiver of an insurer domiciled in a reciprocal state may sue in this State to recover any assets of such insurer to which the domiciliary receiver may be entitled under the laws of this State.  (Added to NRS by 1971, 1892)
NV Rev Stat § 696B.310 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|NRS 696B.310 - Claims of nonresidents against domestic insurers.

  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)
NV Rev Stat § 696B.320 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|NRS 696B.320 - Claims against foreign insurers.

  1. In a delinquency proceeding in a reciprocal state against an insurer domiciled in that state, claimants against such insurer who reside within this state may file claims either with the ancillary receiver, if any, appointed in this state, 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 this state may either:  (a) Be proved in the domiciliary state as provided by the law of that state; or  (b) If ancillary proceedings have been commenced in this state, be proved in those proceedings. If any such claimant elects to prove a claim in this state, the claimant shall file the claim with the ancillary receiver and shall give notice in writing to the receiver in the domiciliary state, either by registered or certified mail or by personal service at least 40 days prior to the date set for hearing. The notice shall contain a concise statement of the amount of the claim, the facts on which the claim is based, and the priorities asserted, if any. If the domiciliary receiver within 30 days after the giving of such notice gives notice in writing to the ancillary receiver and to the claimant, either by registered or certified mail or by personal service, of the intention of the domiciliary receiver to contest such claim, the domiciliary receiver shall be entitled to appear or to be represented in any proceeding in this state involving adjudication of the claim. The final allowance of the claim by the courts of this state shall be accepted 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 this state.  (Added to NRS by 1971, 1893)
NV Rev Stat § 696B.332 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|NRS 696B.332 - Reporting and filing requirements of receiver; 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 not less frequently than annually thereafter, the receiver shall comply with all requirements for financial reporting for a receivership as specified by the National Association of Insurance Commissioners. The reports required pursuant to this subsection include, without limitation, a statement of:  (a) The assets and liabilities of the insurer;  (b) Changes in those assets and liabilities; and  (c) All funds received and disbursed by the receiver during the period since the last such report.  2. The receiver may:  (a) Qualify any report and provide notes to any statement for further explanation; and  (b) Provide any additional information required pursuant to an order of the court or as the receiver deems appropriate.  3. In addition to satisfying any filing requirements established by the National Association of Insurance Commissioners, the receiver shall file the reports, statements and other documents required by this section with the court that has jurisdiction over the receivership.  4. For good cause shown, the court may grant an extension or modification of time to comply with subsection 1 or such other relief as may be appropriate.  (Added to NRS by 2019, 1724)
NV Rev Stat § 696B.334 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|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 as may be agreed to between the receiver and a guaranty association but in no event less frequently than annually, each guaranty association which is affected by the delinquency proceedings shall comply with all applicable requirements for financial reporting as specified by the National Association of Insurance Commissioners.  2. In addition to satisfying any filing requirements established by the National Association of Insurance Commissioners, each guaranty association which is affected by the delinquency proceedings shall file the reports and other documents required by this section with:  (a) The court that has jurisdiction over the receivership;  (b) The Commissioner; and  (c) The receiver.  3. For good cause shown, the court may grant an extension or modification of time to comply with subsection 1 or such other relief as may be appropriate.  4. As used in this section, "guaranty association" means the Nevada Insurance Guaranty Association, the Nevada Life and Health Insurance Guaranty Association or a similar organization in another jurisdiction, as applicable.  (Added to NRS by 2019, 1725)
NV Rev Stat § 696B.340 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|NRS 696B.340 - Attachment and garnishment of assets; execution.

During the pendency of delinquency proceedings in this or any reciprocal state, no action or proceeding in the nature of an attachment, garnishment or execution shall be commenced or maintained in the courts of this state against the delinquent insurer or its assets. Any lien obtained by any such action or proceeding within 4 months prior to the commencement of any such delinquency proceedings or at any time thereafter is void as against any rights arising in such delinquency proceedings.  (Added to NRS by 1971, 1894)
NV Rev Stat § 696B.350 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|NRS 696B.350 - Limitations on 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 business of any insurer or for the appointment of a temporary or permanent receiver of a domestic insurer shall be made or granted otherwise than upon the petition of the Commissioner represented by the Attorney General as provided in this chapter.  2. A judgment creditor may commence an action for the enforcement and protection of his or her judgment or institute proceedings supplementary to execution against any such debtor insurer, giving 30 days’ notice to the Commissioner of the judgment creditor’s intention so to do, and in any such action or proceeding the court may, subject to NRS 696B.340, appoint a receiver for the purposes thereof as the court may deem necessary.  (Added to NRS by 1971, 1895)
NV Rev Stat § 696B.360 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|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 companies, and in the case of the insolvency or voluntary or involuntary liquidation of any such depositary which is an institution organized and supervised under the laws of this state, such deposits are entitled to priority of payment on an equality with any other priority given by the banking laws of this state.  (b) The Commissioner may deposit the money or any part thereof in a national bank, credit union or trust company as a trust fund.  2. The Commissioner shall deposit in the State Insurance Fund any money collected in a proceeding under this chapter that is required to be held in trust by a successor organization of the State Industrial Insurance System by NRS 616B.042. The money must be used by the Commissioner for the payment of claims made against the successor organization under a policy of industrial insurance issued by that organization, and any administration costs and expenses related thereto. The payment of the claims must be made in accordance with the provisions of this chapter.  (Added to NRS by 1971, 1895; A 1999, 1555, 1834)
NV Rev Stat § 696B.370 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|NRS 696B.370 - Exemption 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 to the exercise by the Commissioner of any of the powers or duties conferred upon him or her under this chapter, whether or not such paper or instrument is executed by the Commissioner or the deputies, employees or attorneys of record of the Commissioner and whether or not it is connected with the commencement of any action or proceeding by or against the Commissioner, or with the subsequent conduct of such action or proceeding.  (Added to NRS by 1971, 1895)
NV Rev Stat § 696B.380 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|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 execute, acknowledge and deliver notes or other evidences of indebtedness therefor and secure the repayment of the same by the mortgage, pledge, assignment, transfer in trust or hypothecation of any or all of the property, whether real, personal or mixed, of such insurer, and the Commissioner, subject to the approval of the court, shall have power to take any and all other action necessary and proper to consummate any such loan and to provide for the repayment thereof.  2. The Commissioner shall be under no obligation personally or in his or her official capacity to repay any loan made pursuant to this section.  (Added to NRS by 1971, 1895)
NV Rev Stat § 696B.390 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|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 an alien insurer domiciled in this state have been accomplished, and that the insurer can be returned to its own management without further jeopardy to the insurer and its creditors or policyholders or stockholders or to the public, the court may, upon a full report and accounting by the Commissioner relative to the conduct of the insurer’s affairs during the conservation or rehabilitation and of the insurer’s current financial condition, terminate the conservation or rehabilitation and by order return the insurer, its assets and affairs, to the insurer’s management.  (Added to NRS by 1971, 1896)
NV Rev Stat § 696B.400 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|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 on which the order directing the liquidation of the insurer is filed in the office of the clerk of the court which made the order, subject to the provisions of this chapter with respect to the rights of claimants holding contingent claims.  (Added to NRS by 1971, 1896)
NV Rev Stat § 696B.410 (2021)
2021 Nevada Revised Statutes|Chapter 696B - Delinquent Insurers: Conservation, Rehabilitation and Liquidation|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 creditor or policyholder of the same class.  2. Any transfer of, or lien upon, any property of any insurer made or created within 4 months prior to the filing of a petition for an order to show cause under this chapter, which gives to any creditor or policyholder or enables the creditor or policyholder to obtain a greater percentage of his or her debt than any other creditor or policyholder in the same class, and which is accepted by a creditor or policyholder having reasonable cause to believe that such a preference will occur, is voidable. Where the preference consists of a transfer, such period of 4 months shall not expire until 4 months after the date of the recording or registering of the transfer if by law such recording or registering is required.  3. Every director, officer, employee, stockholder, member or any other person acting on behalf of such insurer, who, within 2 years prior to the filing of a petition for an order to show cause against such insurer under this chapter, knowingly participates in the making of any transfer or the creation of any lien prohibited by subsection 1, and every person receiving any property of, or cash surrender from, such insurer or the benefit thereof as a result of a transaction voidable under subsection 2, shall be jointly and severally liable therefor and shall be bound to account to the Commissioner as receiver, rehabilitator, liquidator or conservator, as the case may be.  4. The Commissioner as receiver, rehabilitator, liquidator or conservator may avoid any transfer of or lien upon the property of an insurer which any creditor, stockholder or member of such insurer might have avoided and may recover the property so transferred or its value from the person to whom it was transferred unless the person was a bona fide holder for value prior to the date of the entry of an order to show cause under this chapter. Such property may be recovered or its value collected from whoever may have received it except a bona fide holder for value.  (Added to NRS by 1971, 1896)