696B.350 - Limitations on appointment of receiver; action by judgment creditor. - Nevada Statutes

696B.350  Limitations on appointment of receiver; action by judgment creditor.

      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.

      (Added to NRS by 1971, 1895)