Nevada § 692C.170 Cessation of control: Disposal of investment required; exception

Nevada Statutes

§ 692C.170 — Cessation of control: Disposal of investment required; exception

Nevada § 692C.170

Title 57INSURANCE

Ch. 692CHolding

FORMATION AND ACQUISITION OF SUBSIDIARIES; MERGERS

This text of Nevada § 692C.170 (Cessation of control: Disposal of investment required; exception) 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. § 692C.170 (2026).

Text

If an insurer ceases to control a subsidiary, it shall dispose of any investment therein made pursuant to NRS 692C.140 within 3 years from the time of the cessation of control or within such further time as the Commissioner may prescribe, unless any such investment shall have met the requirements for investment under any other section of this chapter, and the insurer has notified the Commissioner thereof.

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If an insurer ceases to control a subsidiary, it shall dispose of any investment therein made pursuant to NRS 692C.140 within 3 years from the time of the cessation of control or within such further time as the Commissioner may prescribe, unless any such investment shall have met the requirements for investment under any other section of this chapter, and the insurer has notified the Commissioner thereof.