Nevada § 682A.330 Computation of limitations based on admitted assets

Nevada Statutes

§ 682A.330 — Computation of limitations based on admitted assets

Nevada § 682A.330

Title 57INSURANCE

Ch. 682AInvestments

General Investment Qualification

This text of Nevada § 682A.330 (Computation of limitations based on admitted assets) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 682A.330 (2026).

Text

Unless otherwise specified, an investment limitation computed on the basis of an insurer’s admitted assets or capital and surplus shall relate to the amount required to be shown on the statutory balance sheet of the insurer most recently required to be filed with the Commissioner. For purposes of computing any limitation based on admitted assets, the insurer shall deduct from the amount of its admitted assets the amount of the liability recorded on its statutory balance sheet for:

1.The return of acceptable collateral received in a reverse repurchase transaction or a securities lending transaction;

2.Cash received in a dollar roll transaction; and

3.The amount reported as borrowed money in the most recently filed financial statement to the extent not included in subsections 1 and 2.

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Unless otherwise specified, an investment limitation computed on the basis of an insurer’s admitted assets or capital and surplus shall relate to the amount required to be shown on the statutory balance sheet of the insurer most recently required to be filed with the Commissioner. For purposes of computing any limitation based on admitted assets, the insurer shall deduct from the amount of its admitted assets the amount of the liability recorded on its statutory balance sheet for:
1. The return of acceptable collateral received in a reverse repurchase transaction or a securities lending transaction;
2. Cash received in a dollar roll transaction; and
3. The amount reported as borrowed money in the most recently filed financial statement to the extent not included in subsections 1 and 2.