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Nevada Revised Statutes Title 57. Insurance § 696B.280. Uniform Insurers Liquidation Act and Insurer Receivership Model Act: Composition; severability; interpretation

Current as of January 01, 2025 | Updated by Findlaw Staff

1. This section, NRS 696B.030 to 696B.180, inclusive, (definitions) and NRS 696B.290 to 696B.340, inclusive, comprise the Uniform Insurers Liquidation Act  1 and the Insurer Receivership Model Act.

2. If any provision of the NAIC Acts or the application thereof to any person or circumstances is held invalid, such invalidity shall not affect other provisions or applications of the NAIC Acts which can be given effect without the invalid provision or application, and to this end the provisions of the NAIC Acts are declared to be severable.

3. The NAIC Acts shall be so interpreted as to effectuate the general purpose to make uniform the laws of those states which enact the Uniform Insurers Liquidation Act or the Insurer Receivership Model Act. To the extent that the provisions of the NAIC Acts, when applicable, conflict with other provisions of this Code, the provisions of the NAIC Acts shall control.

4. As used in this section, “NAIC Acts” means this section, NRS 696B.030 to 696B.180, inclusive, and NRS 696B.290 to 696B.340, inclusive.

1 The Uniform Insurers Liquidation Act (1939) was withdrawn from recommendation for enactment by the National Conference of Commissioners on Uniform State Laws in 1981 due to obsolescence.
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Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 696B.280. Uniform Insurers Liquidation Act and Insurer Receivership Model Act: Composition; severability; interpretation - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-696b-280/

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