1. An insurer shall not acquire, directly or indirectly through an investment subsidiary, a Canadian investment authorized by the provisions of this chapter if, as a result of and after giving effect to the investment, the aggregate amount of these investments held by the insurer would exceed 40 percent of its admitted assets, or if the aggregate amount of Canadian investments not acquired in accordance with the provisions of paragraph (c) or (d) of subsection 1 of NRS 682A.408 held by the insurer would exceed 25 percent of its admitted assets.
2. As to an insurer that is authorized to do business in Canada or that has outstanding insurance, annuity or reinsurance contracts on lives or risks resident or located in Canada and denominated in Canadian currency, the limitations in subsection 1 must be increased by the greater of:
(a) The amount the insurer is required by Canadian law to invest in Canada or to be denominated in Canadian currency; or
(b) An amount not to exceed 115 percent of the amount of its reserves and other obligations under contracts on lives or risks resident or located in Canada.
(Added to NRS by 2015, 3434)
Structure Nevada Revised Statutes
NRS 682A.007 - "Acceptable collateral" defined.
NRS 682A.009 - "Acceptable private mortgage insurance" defined.
NRS 682A.013 - "Accident and health insurance" defined.
NRS 682A.015 - "Accident and health insurer" defined.
NRS 682A.017 - "Admitted asset" defined.
NRS 682A.019 - "Affiliate" defined.
NRS 682A.023 - "Asset-backed security" defined.
NRS 682A.025 - "Business entity" defined.
NRS 682A.029 - "Capital and surplus" defined.
NRS 682A.033 - "Cash equivalents" defined.
NRS 682A.035 - "Class one bond mutual fund" defined.
NRS 682A.037 - "Class one money market mutual fund" defined.
NRS 682A.039 - "Collar" defined.
NRS 682A.043 - "Commercial mortgage loan" defined.
NRS 682A.045 - "Construction loan" defined.
NRS 682A.047 - "Control" defined.
NRS 682A.049 - "Counterparty exposure amount" defined.
NRS 682A.053 - "Covered" defined.
NRS 682A.055 - "Credit tenant loan" defined.
NRS 682A.057 - "Derivative instrument" defined.
NRS 682A.059 - "Derivative transaction" defined.
NRS 682A.063 - "Direct" and "directly" defined.
NRS 682A.065 - "Dollar roll transaction" defined.
NRS 682A.067 - "Domestic jurisdiction" defined.
NRS 682A.069 - "Equity interest" defined.
NRS 682A.073 - "Equivalent securities" defined.
NRS 682A.075 - "Floor" defined.
NRS 682A.077 - "Foreign currency" defined.
NRS 682A.079 - "Foreign investment" defined.
NRS 682A.083 - "Foreign jurisdiction" defined.
NRS 682A.085 - "Forward" defined.
NRS 682A.087 - "Future" defined.
NRS 682A.089 - "Government money market mutual fund" defined.
NRS 682A.093 - "Government-sponsored enterprise" defined.
NRS 682A.095 - "Guaranteed or insured" defined.
NRS 682A.097 - "Hedging transaction" defined.
NRS 682A.099 - "High grade investment" defined.
NRS 682A.103 - "Income" defined.
NRS 682A.105 - "Income generation transaction" defined.
NRS 682A.107 - "Insurance future" defined.
NRS 682A.109 - "Insurance future option" defined.
NRS 682A.113 - "Investment company" defined.
NRS 682A.115 - "Investment company series" defined.
NRS 682A.117 - "Investment practices" defined.
NRS 682A.119 - "Investment strategy" defined.
NRS 682A.123 - "Investment subsidiary" defined.
NRS 682A.125 - "Letter of credit" defined.
NRS 682A.127 - "Limited-liability company" defined.
NRS 682A.129 - "Lower grade investment" defined.
NRS 682A.133 - "Market value" defined.
NRS 682A.135 - "Medium grade investment" defined.
NRS 682A.137 - "Money market mutual fund" defined.
NRS 682A.139 - "Mortgage loan" defined.
NRS 682A.143 - "Multilateral development bank" defined.
NRS 682A.145 - "Mutual fund" defined.
NRS 682A.147 - "NAIC" defined.
NRS 682A.149 - "Obligation" defined.
NRS 682A.153 - "Option" defined.
NRS 682A.155 - "Over-the-counter derivative instrument" defined.
NRS 682A.157 - "Person" defined.
NRS 682A.159 - "Potential exposure" defined.
NRS 682A.163 - "Preferred stock" defined.
NRS 682A.165 - "Qualified bank" defined.
NRS 682A.167 - "Qualified business entity" defined.
NRS 682A.169 - "Qualified clearinghouse" defined.
NRS 682A.173 - "Qualified exchange" defined.
NRS 682A.175 - "Qualified foreign exchange" defined.
NRS 682A.177 - "Rated credit instrument" defined.
NRS 682A.179 - "Real estate" defined.
NRS 682A.183 - "Replication transaction" defined.
NRS 682A.185 - "Repurchase transaction" defined.
NRS 682A.187 - "Required liabilities" defined.
NRS 682A.189 - "Residential mortgage loan" defined.
NRS 682A.193 - "Reverse repurchase transaction" defined.
NRS 682A.195 - "Secured location" defined.
NRS 682A.197 - "Securities lending transaction" defined.
NRS 682A.199 - "Series company" defined.
NRS 682A.203 - "Sinking fund stock" defined.
NRS 682A.205 - "Special rated credit instrument" defined.
NRS 682A.207 - "State" defined.
NRS 682A.209 - "Substantially similar securities" defined.
NRS 682A.215 - "Swap" defined.
NRS 682A.217 - "Underlying interest" defined.
NRS 682A.219 - "Unrestricted surplus" defined.
NRS 682A.223 - "Warrant" defined.
NRS 682A.245 - Qualifications for asset-backed securities.
NRS 682A.255 - Presumptive control.
NRS 682A.265 - Calculation of counterparty exposure.
NRS 682A.275 - Qualifications for equivalent securities.
NRS 682A.285 - Exception for foreign investments.
NRS 682A.295 - Qualifications for special rated credit instruments.
NRS 682A.300 - Investments and investment practices required to conform with this chapter.
NRS 682A.305 - Requirements for admitted assets.
NRS 682A.310 - Exemption from requirements for admitted assets.
NRS 682A.315 - Limitation on time for admitted asset acquired by exemption.
NRS 682A.330 - Computation of limitations based on admitted assets.
NRS 682A.335 - Qualification or requalification of admitted asset on or after date of acquisition.
NRS 682A.340 - Required documentation of acquisition.
NRS 682A.345 - Agreements to purchase securities in advance of issuance prohibited.
NRS 682A.350 - Order by Commissioner to alter investment practice.
NRS 682A.355 - Insurance futures and insurance future options.
NRS 682A.365 - Adoption by board of written plan for investments.
NRS 682A.367 - Supervision and direction of board; formal resolution of board regarding investments.
NRS 682A.369 - Quarterly review of investments and written plan for investments.
NRS 682A.371 - Availability of documentation to board.
NRS 682A.373 - Standard of care.
NRS 682A.375 - "Board of directors" refers to any equivalent governing body.
NRS 682A.380 - Prohibited investments.
NRS 682A.382 - Loans to officers and directors prohibited.
NRS 682A.384 - Permissible loans.
NRS 682A.386 - Valuation of investments.
NRS 682A.388 - Authority of Commissioner to adopt regulations.
NRS 682A.402 - Diversification of investments.
NRS 682A.404 - Medium and lower grade investments.
NRS 682A.406 - Canadian investments.
NRS 682A.408 - Rated credit instruments.
NRS 682A.410 - Insurer investment pools.
NRS 682A.412 - Acquisition of equity interests generally permissible.
NRS 682A.414 - Limitation on aggregate amount of investments held in equity interests.
NRS 682A.416 - Restriction on mortgage or real estate holdings acquired or held as equity interests.
NRS 682A.418 - Short sale of equity investments.
NRS 682A.420 - Tangible personal property under lease or other agreement.
NRS 682A.422 - Valuation of personal property under lease.
NRS 682A.424 - Limitation on aggregate amount of investments held in personal property under lease.
NRS 682A.428 - Exempted personal property under lease.
NRS 682A.430 - Mortgage loans.
NRS 682A.432 - Income-producing real estate.
NRS 682A.434 - Real estate for accommodation of business operations.
NRS 682A.436 - Limitation on aggregate amount of investments held in mortgage loans and real estate.
NRS 682A.438 - Securities lending, repurchase, reverse repurchase and dollar roll transactions.
NRS 682A.440 - Foreign investments.
NRS 682A.442 - Foreign currency exposure.
NRS 682A.450 - Derivative transactions.
NRS 682A.452 - Derivative transactions: Limitations on hedging transactions.
NRS 682A.454 - Derivative transactions: Limitations on income generation transactions.
NRS 682A.456 - Derivative transactions: Counterparty exposure.
NRS 682A.458 - Commissioner may allow additional derivative transactions by regulation; limitations.
NRS 682A.462 - Limited exemption from quantitative limits on certain investments.
NRS 682A.464 - Limited exemption from certain restrictions on investments.
NRS 682A.468 - Prohibitions applied to exempted investments.
NRS 682A.502 - Reserve requirements.
NRS 682A.504 - Required reserve amount.
NRS 682A.506 - Required reporting of reserves.
NRS 682A.508 - Notification to Commissioner of insufficient reserves.
NRS 682A.510 - Authority of Commissioner to remedy insufficient reserves.
NRS 682A.512 - Diversification of investments.
NRS 682A.514 - Medium and lower grade investments.
NRS 682A.516 - Canadian investments.
NRS 682A.518 - Rated credit instruments.
NRS 682A.520 - Insurer investment pools.
NRS 682A.522 - Acquisition of equity interests generally permissible.
NRS 682A.524 - Limitation on aggregate amount of investments held in equity interests.
NRS 682A.526 - Restriction on mortgage or real estate holdings acquired or held as equity interests.
NRS 682A.528 - Short sale of equity investments.
NRS 682A.530 - Tangible personal property under lease or other agreement.
NRS 682A.532 - Valuation of personal property under lease.
NRS 682A.534 - Limitation on aggregate amount of investments held in personal property under lease.
NRS 682A.538 - Exempted personal property under lease.
NRS 682A.540 - Mortgage loans.
NRS 682A.542 - Income-producing real estate.
NRS 682A.544 - Real estate for accommodation of business operations.
NRS 682A.546 - Limitation on aggregate amount of investments held in mortgage loans and real estate.
NRS 682A.548 - Securities lending, repurchase, reverse repurchase and dollar roll transactions.
NRS 682A.550 - Foreign investments.
NRS 682A.552 - Foreign currency exposure.
NRS 682A.560 - Derivative transactions.
NRS 682A.562 - Derivative transactions: Limitations on hedging transactions.
NRS 682A.564 - Derivative transactions: Limitations on income generation transactions.
NRS 682A.566 - Derivative transactions: Counterparty exposure.
NRS 682A.568 - Commissioner may allow additional derivative transactions by regulation; limitations.
NRS 682A.570 - Limited exemption from certain restrictions on investments.
NRS 682A.572 - Quantitative limitation on exempted investments.