1. As used in this section:

(a) “Foreign decree” means any decree or order in equity of a court located in a reciprocal state, including a court of the United States located therein, against any insurer incorporated or authorized to do business in this State.

(b) “Qualified party” means a state regulatory agency acting in its capacity to enforce the insurance laws of its state.

(c) “Reciprocal state” means any state or territory of the United States the laws of which contain procedures substantially similar to those specified in this section for the enforcement of decrees or orders in equity issued by courts located in other states or territories of the United States, against any insurer incorporated or authorized to do business in such state or territory.

2. The Attorney General upon request of the Commissioner may proceed in the courts of this State or any reciprocal state to enforce an order or decision in any court proceeding or in any administrative proceeding before the Commissioner.

3. The Commissioner shall determine which states and territories qualify as reciprocal states and shall maintain at all times an up-to-date list of such states.

4. A copy of any foreign decree authenticated in accordance with federal statutes may be filed in the office of the clerk of any district court of this State. The clerk, upon verifying with the Commissioner that the decree or order qualified as a foreign decree shall treat the foreign decree in the same manner as a decree of a district court of this State. A foreign decree so filed has the same effect and shall be deemed as a decree of a district court of this State, and is subject to the same procedures, defenses and proceedings for reopening, vacating or staying as a decree of a district court of this State and may be enforced or satisfied in like manner.

5. At the time of the filing of the foreign decree, the Attorney General shall make and file with the clerk of the court an affidavit setting forth the name and last known post office address of the defendant. Promptly upon the filing of the foreign decree and the affidavit, the clerk shall mail notice of the filing of the foreign decree to the defendant at the address given and to the Commissioner and shall make a note of the mailing in the docket. In addition, the Attorney General may mail a notice of the filing of the foreign decree to the defendant and to the Commissioner and may file proof of mailing with the clerk. Lack of mailing notice of filing by the clerk shall not affect the enforcement proceedings if proof of mailing by the Attorney General has been filed. No execution or other process for enforcement of a foreign decree filing under this section shall issue until 30 days after the date the decree is filed.

6. If the defendant shows the district court:

(a) That an appeal from the foreign decree is pending or will be taken, or that a stay of execution has been granted, the court shall stay enforcement of the foreign decree until the appeal is concluded, the time for appeal expires or the stay of execution expires or is vacated upon proof that the defendant has furnished the security for the satisfaction of the decree required by the state in which it was rendered.

(b) Any ground upon which enforcement of a decree of any district court of this State would be stayed, the court shall stay enforcement of the foreign decree for an appropriate period, upon requiring the same security for satisfaction of the decree which is required in this State.

7. Any person filing a foreign decree shall pay to the clerk of the court $35. Fees for docketing, transcription or other enforcement proceedings shall be the same as are provided for decrees of the district court.

(Added to NRS by 1971, 1685)