696B.310 - Claims of nonresidents against domestic insurers.
696B.310 Claims of nonresidents against domestic insurers.
1. In a delinquency proceeding begun in this state against a domestic insurer, claimants residing in reciprocal states may file claims either with the ancillary receivers, if any, in their respective states, or with the domiciliary receiver. All such claims must be filed on or before the last date fixed for the filing of claims in the domiciliary delinquency proceedings.
2. Controverted claims belonging to claimants residing in reciprocal states may either:
(a) Be proved in this state; or
(b) If ancillary proceedings have been commenced in such reciprocal states, be proved in those proceedings. If a claimant elects to prove a claim in ancillary proceedings and if notice of the claim and opportunity to appear and be heard is afforded the domiciliary receiver of this state, as provided in NRS 696B.320 with respect to ancillary proceedings in this state, the final allowance of such claim by the courts in the ancillary state shall be accepted in this state as conclusive as to its amount and shall also be accepted as conclusive as to its priority, if any, against special deposits or other security located within the ancillary state.
(Added to NRS by 1971, 1893)