Protective Ins. Co. v. State, Comm’r of Ins., 141 Nev. Adv. Op. 3 (Jan. 16, 2025)

Abstract

NRS 696B.420(1) creates a priority schedule regarding the order that groups can recover funds from an insolvent insurance company. At issue before the Nevada Supreme Court is whether Protective Insurance company falls into the highest priority category in subsection (b) of the statute or the residuary category in subsection (g) to recover funds from Spirit Auto Risk Retention Group, an insurance company that became insolvent. The Court held that Protective falls into the residuary category in subsection (g), affirming the decision of the district court