Nevada Statutes

§ 690B.140 — Investments in tangible personal property: Limitation; waiver

Nevada § 690B.140

JurisdictionNevada

Title 57INSURANCE

Ch. 690BCasualty

INSURANCE FOR HOME PROTECTION

This text of Nevada § 690B.140 (Investments in tangible personal property: Limitation; waiver) 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. § 690B.140 (2026).

Text

An insurer who issues policies of insurance for home protection, other than casualty insurance, may make investments in tangible personal property for use in fulfilling its obligations to repair or replace components, systems or appliances of the home under its contracts of insurance for home protection, in an amount not to exceed 35 percent of its assets, as determined pursuant to NRS 681B.010, unless the Commissioner, whenever the Commissioner deems it appropriate, waives this limitation by regulation.

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An insurer who issues policies of insurance for home protection, other than casualty insurance, may make investments in tangible personal property for use in fulfilling its obligations to repair or replace components, systems or appliances of the home under its contracts of insurance for home protection, in an amount not to exceed 35 percent of its assets, as determined pursuant to NRS 681B.010, unless the Commissioner, whenever the Commissioner deems it appropriate, waives this limitation by regulation.

Related

Nevada § 681B.010

Legislative History

(Added to NRS by 1981, 1322 ; A 1999, 1448 )

Nearby Sections

15

§ 690B.010

Other applicable provisions

§ 690B.012

Claims: Approval or denial; request for additional information or time; payment; interest on unpaid claim

§ 690B.016

Insurer required to notify insured or claimant of right to have repairs made at licensed body shop of his or her choice; prohibition against insurer’s knowing recommendation of unlicensed body shop or required patronization of particular body shop; insurer entitled to rely on validity of license number in estimates or invoices from body shop

§ 690B.017

Provisions for arbitration not binding

§ 690B.020

Coverage for uninsured or hit-and-run vehicles required; exceptions; insolvency of insurer; payment; presumption

§ 690B.023

Evidence of insurance: Insurer required to provide to insured on approved form; contents; electronic format; liability for damages to mobile electronic device presented to provide such evidence

§ 690B.024

Authority of claimant to authorize other party to receive certain information; obligation of insurer of other party to provide certain information relating to claim for compensation under policy of motor vehicle insurance

§ 690B.025

Primary and excess coverage; garage operator who loans vehicle to customer required to provide notice to customer regarding coverage; modification of provision by written agreement; applicability

§ 690B.028

Insurer prohibited from taking adverse action because of violation of speed limit in certain cases

§ 690B.029

Mandatory provision for reduction of premiums for persons 55 years of age or older in certain circumstances; requirements relating to course of traffic safety; approval of policy by Commissioner

§ 690B.031

Reduction in premium of certain policies of insurance required if motor vehicle is equipped with air bag and other safety device; calculation; approval of Commissioner

§ 690B.035

Policy covering damage to one or more of operator’s vehicles

§ 690B.037

Authority of owner or authorized agent to give consent for towing and storage of damaged motor vehicle

§ 690B.040

Policy providing certain automobile coverage in Mexico

§ 690B.090

Issuance authorized

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Bluebook (online)

Nevada § 690B.140, Counsel Stack Legal Research, https://law.counselstack.com/statute/nv/690B.140.