Nev. Rev. Stat. § 682A.424

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 682A.424 - Limitation on aggregate amount of investments held in personal property under lease

An insurer shall not acquire an investment in accordance with the provisions of NRS 682A.420 to 682A.428, inclusive, if, as a result of and after giving effect to the investment, the aggregate amount of all investments held by the insurer in accordance with the provisions of NRS 682A.420 to 682A.428, inclusive, would exceed:

1. Two percent of its admitted assets; or

2. One half of one percent of its admitted assets as to any single item of tangible personal property.

NRS 682A.424

Added to NRS by 2015, 3439

Added by 2015, Ch. 522,§171, eff. 7/1/2015.