Nev. Rev. Stat. § 681A.2155

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 681A.2155 - Order for assuming insurer to post security during rehabilitation, liquidation or conservation

If subject to a legal process of rehabilitation, liquidation or conservation, as applicable, the ceding insurer, or its representative, may seek and, if determined appropriate by the court in which the proceedings are pending, may obtain an order requiring that the assuming insurer post security for all outstanding ceded liabilities.

NRS 681A.2155

Added to NRS by 2021, 2953

Added by 2021, Ch. 478,§6.65, eff. 10/1/2021.