Nevada Revised Statutes

Nev. Rev. Stat. § 696B.150 (2026)

“Reciprocal state” defined

✓ current as of July 2026
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NRS 696B.150  “Reciprocal state” defined.  “Reciprocal state” means any state other than this state in which in substance and effect the provisions of the Uniform Insurers Liquidation Act or the Insurer Receivership Model Act are in force, including provisions requiring that the commissioner of insurance or the equivalent insurance supervisory officer be the receiver of a delinquent insurer, and in which effective provisions exist for avoidance of fraudulent conveyances and unlawful preferential transfers.

      (Added to NRS by 1971, 1885; A 2019, 1725)

     

Notes of Decisions
Cited in 3 cases (1 in the last 5 years), 1993–2025 · leading case: Frontier Ins. Serv., Inc. v. State ex rel. Gates, 849 P.2d 328 (Nev. 1993).
Frontier Ins. Serv., Inc. v. State ex rel. Gates, 849 P.2d 328 (Nev. 1993). · cites it 2× “§ 27-9 -l-2(p) and NRS 696B.150. 4 *236 In cases involving liquidation of an insurance company, courts have generally applied the liquidation statute of the domiciliary state.”
In the Matter of the Liquidation of Scottish RE (U.S.) Inc. (Del. Ch. 2025). · cites it 2× “Nev. Rev. Stat. § 696B.150 (emphasis added); id.”
Frontier Ins. Serv. v. STATE, COM'R INS., 849 P.2d 328 (Nev. 1993). · cites it 2× “§ 27-9-1-2 (p) and NRS 696B.150. [4] In cases involving liquidation of an insurance company, courts have generally applied the liquidation statute of the domiciliary state.”
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