“Insolvent insurer” means an insurer which has been issued a certificate of authority by the Commissioner
to transact insurance in this state, either at the time the policy was issued or when
the insured event occurred:
1. Against which a final order of liquidation with a finding of insolvency has been
entered by a court of competent jurisdiction in the insurer's state of domicile or
in Nevada; or
2. Which is involved in judicial proceeding in its state of domicile or in Nevada
related to the determination of its solvency, rehabilitation or liquidation, if the
court conducting those proceedings has issued an order prohibiting the insurer from
paying claims for more than 30 days.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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