Nev. Rev. Stat. § 682A.524

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

Section 682A.524 - Limitation on aggregate amount of investments held in equity interests

An insurer shall not acquire an investment in accordance with the provisions of NRS 682A.522 to 682A.528, inclusive, if, as a result of and after giving effect to the investment, the aggregate amount of investments held by the insurer in accordance with the provisions of those sections would exceed the greater of 25 percent of the insurer's admitted assets or 100 percent of the insurer's surplus as regards policyholders.

NRS 682A.524

Added to NRS by 2015, 3454

Added by 2015, Ch. 522,§206, eff. 7/1/2015.