Nev. Rev. Stat. § 682A.572

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 682A.572 - Quantitative limitation on exempted investments

An insurer shall not acquire any investment or engage in any investment practice in accordance with subsection 2 of NRS 682A.570 if, as a result of and after giving effect to the transaction, the aggregate amount of all investments in any one person held by the insurer in accordance with subsection 1 of NRS 682A.570 would exceed 5 percent of its admitted assets.

NRS 682A.572

Added to NRS by 2015, 3463
Added by 2015, Ch. 522,§230, eff. 7/1/2015.