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Current as of January 01, 2021 | Updated by FindLaw Staff
1. Except as provided in subsection 2, no order, judgment or decree enjoining, restraining or interfering with the prosecution of the business of any insurer or for the appointment of a temporary or permanent receiver of a domestic insurer shall be made or granted otherwise than upon the petition of the Commissioner represented by the Attorney General as provided in this chapter.
2. A judgment creditor may commence an action for the enforcement and protection of his or her judgment or institute proceedings supplementary to execution against any such debtor insurer, giving 30 days' notice to the Commissioner of the judgment creditor’s intention so to do, and in any such action or proceeding the court may, subject to NRS 696B.340, appoint a receiver for the purposes thereof as the court may deem necessary.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 696B.350. Limitations on appointment of receiver; action by judgment creditor - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-696b-350/
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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