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). “§ 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). “Nev. Rev. Stat. § 696B.150 (emphasis added); id.”
Frontier Ins. Serv. v. STATE, COM'R INS., 849 P.2d 328 (Nev. 1993). “§ 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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