693B.150 - Commissioner to exercise powers only if court not available to make necessary orders; regulations, directives and orders of Commissioner.
693B.150 Commissioner to exercise powers only if court not available to make necessary orders; regulations, directives and orders of Commissioner.
1. The powers given the Commissioner by NRS 693B.120 and 693B.140 shall be exercised by the Commissioner only if there is no court of competent jurisdiction available to which an application can be made for an order permitting the Commissioner to exercise such powers with respect to a particular organization, but the powers conferred by NRS 693B.140 shall not be exercised in the case of an organization which is not insolvent within the meaning of NRS 696B.210, unless the Commissioner finds that such organization lacks personnel able to manage its business in the interests of the public, its stockholders and policyholders.
2. The Commissioner may issue general and specific regulations, directives and orders consistent with and in furtherance of the purposes of this chapter.
(Added to NRS by 1971, 1823)