Nevada § 682A.462 Limited exemption from quantitative limits on certain investments

Nevada Statutes

§ 682A.462 — Limited exemption from quantitative limits on certain investments

Nevada § 682A.462

Title 57INSURANCE

Ch. 682AInvestments

LIFE AND HEALTH INSURERS

This text of Nevada § 682A.462 (Limited exemption from quantitative limits on certain 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.462 (2026).

Text

Solely for the purpose of acquiring investments that exceed the quantitative limitations of NRS 682A.402 to 682A.448, inclusive, an insurer may acquire in accordance with this section an investment, or engage in investment practices described in NRS 682A.438, but an insurer shall not acquire an investment or engage in investment practices described in NRS 682A.438 in accordance with this section if, as a result of and after giving effect to the transaction:

1.The aggregate amount of investments held by the insurer would exceed 3 percent of its admitted assets; or

2.The aggregate amount of investments as to one limitation in NRS 682A.402 to 682A.448 , inclusive, held by the insurer would exceed 1 percent of its admitted assets.

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Solely for the purpose of acquiring investments that exceed the quantitative limitations of NRS 682A.402 to 682A.448, inclusive, an insurer may acquire in accordance with this section an investment, or engage in investment practices described in NRS 682A.438, but an insurer shall not acquire an investment or engage in investment practices described in NRS 682A.438 in accordance with this section if, as a result of and after giving effect to the transaction:
1. The aggregate amount of investments held by the insurer would exceed 3 percent of its admitted assets; or
2. The aggregate amount of investments as to one limitation in NRS 682A.402 to 682A.448 , inclusive, held by the insurer would exceed 1 percent of its admitted assets.