{"data":{"id":"us-nv/nrs-681a.068","jurisdiction":"us-nv","citation":"NRS 681A.068","heading":"“Solvent scheme of arrangement” defined.","body":"“Solvent scheme of arrangement” means a foreign or alien statutory or regulatory compromise procedure subject to requisite majority creditor approval and judicial sanction in the assuming insurer’s home jurisdiction either to finally commute liabilities of duly noticed classed members or creditors of a solvent debtor, or to reorganize or restructure the debts and obligations of a solvent debtor on a final basis, and which may be subject to judicial recognition and enforcement of the arrangement by a governing authority outside the ceding insurer’s home jurisdiction.","path":["TITLE 57 — INSURANCE","CHAPTER 681A - KINDS OF INSURANCE; LIMITS ON RISK; REINSURANCE","GENERAL PROVISIONS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-681A.html#NRS681ASec068","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:46Z","sha256":"8b9544d26c47214f95f8e3b73e08c4b63b8422ef41be3abcf1b5bc5c2855bbe0","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-681a.062","next":"us-nv/nrs-681a.070"},"notice":"GroundRules: Original legal text. Not legal advice."}