Nev. Rev. Stat. § 682A.367

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 682A.367 - Supervision and direction of board; formal resolution of board regarding investments

Investments acquired and held pursuant to this chapter must be acquired and held under the supervision and direction of the board of directors of the insurer. The board of directors shall evidence by formal resolution, at least annually, that it has determined whether all investments have been made in accordance with delegations, standards, limitations and investment objectives prescribed by the board or a committee of the board charged with the responsibility to direct the insurer's investments.

NRS 682A.367

Added to NRS by 2015, 3430
Added by 2015, Ch. 522,§149, eff. 7/1/2015.