Nev. Rev. Stat. § 696B.470

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

1. The reasonable value of the assets of the insurer;
2. The liabilities of the insurer to the extent thus far ascertained by the Commissioner;
3. The aggregate amount of the assessment, if any, which the Commissioner deems reasonably necessary to pay all claims, the costs and expenses of the collection of the assessments and the costs and expenses of the delinquency proceedings in full; and
4. Any other information relative to the affairs or property of the insurer that the Commissioner deems material.

NRS 696B.470

Added to NRS by 1971, 1900
Added to NRS by 1971, 1900