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

Nevada Statutes

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

Nevada § 682A.424

Title 57INSURANCE

Ch. 682AInvestments

LIFE AND HEALTH INSURERS

This text of Nevada § 682A.424 (Limitation on aggregate amount of investments held in personal property under lease) 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.424 (2026).

Text

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.

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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.