Nevada § 696B.110 “Insolvency” defined

Nevada Statutes

§ 696B.110 — “Insolvency” defined

Nevada § 696B.110

Title 57INSURANCE

Ch. 696BDelinquent

This text of Nevada § 696B.110 (“Insolvency” defined) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 696B.110 (2026).

Text

“Insolvency” exists:

1.When the insurer fails to meet its obligations as they mature;

2.When a stock insurer’s assets are less than the sum of its liabilities and its paid-in capital stock account;

3.When a mutual insurer’s assets are less than the sum of its liabilities and the minimum basic surplus required to be maintained by the insurer under this Code for authority to transact the kinds of insurance transacted; or

4.As otherwise expressly provided in this Code.

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“Insolvency” exists:
1. When the insurer fails to meet its obligations as they mature;
2. When a stock insurer’s assets are less than the sum of its liabilities and its paid-in capital stock account;
3. When a mutual insurer’s assets are less than the sum of its liabilities and the minimum basic surplus required to be maintained by the insurer under this Code for authority to transact the kinds of insurance transacted; or
4. As otherwise expressly provided in this Code.