Nevada § 682A.367 Supervision and direction of board; formal resolution of board regarding investments

Nevada Statutes

§ 682A.367 — Supervision and direction of board; formal resolution of board regarding investments

Nevada § 682A.367

Title 57INSURANCE

Ch. 682AInvestments

Authorization of Investments by Board of Directors

This text of Nevada § 682A.367 (Supervision and direction of board; formal resolution of board regarding investments) 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.367 (2026).

Text

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.

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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.