Nevada Revised Statutes 681A.2155 – Order for assuming insurer to post security during rehabilitation, liquidation or conservation
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If subject to a legal process of rehabilitation, liquidation or conservation, as applicable, the ceding insurer, or its representative, may seek and, if determined appropriate by the court in which the proceedings are pending, may obtain an order requiring that the assuming insurer post security for all outstanding ceded liabilities.
Terms Used In Nevada Revised Statutes 681A.2155
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.