Nev. Rev. Stat. ch. 682A – Investments | Midpage

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Nevada Revised Statutes

Chapter 682A

Nev. Rev. Stat. ch. 682A

Investments

682A.005Definitions 682A.007“Acceptable collateral” defined 682A.009“Acceptable private mortgage insurance” defined 682A.013“Accident and health insurance” defined 682A.015“Accident and health insurer” defined 682A.017“Admitted asset” defined 682A.019“Affiliate” defined 682A.023“Asset-backed security” defined 682A.025“Business entity” defined 682A.027“Cap” defined 682A.029“Capital and surplus” defined 682A.033“Cash equivalents” defined 682A.035“Class one bond mutual fund” defined 682A.037“Class one money market mutual fund” defined 682A.039“Collar” defined 682A.043“Commercial mortgage loan” defined 682A.045“Construction loan” defined 682A.047“Control” defined 682A.049“Counterparty exposure amount” defined 682A.053“Covered” defined 682A.055“Credit tenant loan” defined 682A.057“Derivative instrument” defined 682A.059“Derivative transaction” defined 682A.063“Direct” and “directly” defined 682A.065“Dollar roll transaction” defined 682A.067“Domestic jurisdiction” defined 682A.069“Equity interest” defined 682A.073“Equivalent securities” defined 682A.075“Floor” defined 682A.077“Foreign currency” defined 682A.079“Foreign investment” defined 682A.083“Foreign jurisdiction” defined 682A.085“Forward” defined 682A.087“Future” defined 682A.089“Government money market mutual fund” defined 682A.093“Government-sponsored enterprise” defined 682A.095“Guaranteed or insured” defined 682A.097“Hedging transaction” defined 682A.099“High grade investment” defined 682A.103“Income” defined 682A.105“Income generation transaction” defined 682A.107“Insurance future” defined 682A.109“Insurance future option” defined 682A.113“Investment company” defined 682A.115“Investment company series” defined 682A.117“Investment practices” defined 682A.119“Investment strategy” defined 682A.123“Investment subsidiary” defined 682A.125“Letter of credit” defined 682A.127“Limited-liability company” defined 682A.129“Lower grade investment” defined 682A.133“Market value” defined 682A.135“Medium grade investment” defined 682A.137“Money market mutual fund” defined 682A.139“Mortgage loan” defined 682A.143“Multilateral development bank” defined 682A.145“Mutual fund” defined 682A.147“NAIC” defined 682A.149“Obligation” defined 682A.153“Option” defined 682A.155“Over-the-counter derivative instrument” defined 682A.157“Person” defined 682A.159“Potential exposure” defined 682A.163“Preferred stock” defined 682A.165“Qualified bank” defined 682A.167“Qualified business entity” defined 682A.169“Qualified clearinghouse” defined 682A.173“Qualified exchange” defined 682A.175“Qualified foreign exchange” defined 682A.177“Rated credit instrument” defined 682A.179“Real estate” defined 682A.183“Replication transaction” defined 682A.185“Repurchase transaction” defined 682A.187“Required liabilities” defined 682A.189“Residential mortgage loan” defined 682A.193“Reverse repurchase transaction” defined 682A.195“Secured location” defined 682A.197“Securities lending transaction” defined 682A.199“Series company” defined 682A.203“Sinking fund stock” defined 682A.205“Special rated credit instrument” defined 682A.207“State” defined 682A.209“Substantially similar securities” defined 682A.213“SVO” defined 682A.215“Swap” defined 682A.217“Underlying interest” defined 682A.219“Unrestricted surplus” defined 682A.223“Warrant” defined 682A.245Qualifications for asset-backed securities 682A.255Presumptive control 682A.265Calculation of counterparty exposure 682A.275Qualifications for equivalent securities 682A.285Exception for foreign investments 682A.295Qualifications for special rated credit instruments 682A.300Investments and investment practices required to conform with this chapter 682A.305Requirements for admitted assets 682A.310Exemption from requirements for admitted assets 682A.315Limitation on time for admitted asset acquired by exemption 682A.320Qualification of investment based on date of acquisition or date of commitment to acquire 682A.325Applicability of law to admitted assets or certain transactions held or entered on or before July 1, 2015 682A.330Computation of limitations based on admitted assets 682A.335Qualification or requalification of admitted asset on or after date of acquisition 682A.340Required documentation of acquisition 682A.345Agreements to purchase securities in advance of issuance prohibited 682A.350Order by Commissioner to alter investment practice 682A.355Insurance futures and insurance future options 682A.365Adoption by board of written plan for investments 682A.367Supervision and direction of board; formal resolution of board regarding investments 682A.369Quarterly review of investments and written plan for investments 682A.371Availability of documentation to board 682A.373Standard of care 682A.375“Board of directors” refers to any equivalent governing body 682A.380Prohibited investments 682A.382Loans to officers and directors prohibited 682A.384Permissible loans 682A.386Valuation of investments 682A.388Authority of Commissioner to adopt regulations 682A.400Applicability 682A.402Diversification of investments 682A.404Medium and lower grade investments 682A.406Canadian investments 682A.408Rated credit instruments 682A.410Insurer investment pools 682A.412Acquisition of equity interests generally permissible 682A.414Limitation on aggregate amount of investments held in equity interests 682A.416Restriction on mortgage or real estate holdings acquired or held as equity interests 682A.418Short sale of equity investments 682A.420Tangible personal property under lease or other agreement 682A.422Valuation of personal property under lease 682A.424Limitation on aggregate amount of investments held in personal property under lease 682A.426Computation of investments held as personal property under lease for purposes of investment diversification requirements 682A.428Exempted personal property under lease 682A.430Mortgage loans 682A.432Income-producing real estate 682A.434Real estate for accommodation of business operations 682A.436Limitation on aggregate amount of investments held in mortgage loans and real estate 682A.438Securities lending, repurchase, reverse repurchase and dollar roll transactions 682A.440Foreign investments 682A.442Foreign currency exposure 682A.444Additional foreign investment and foreign currency allowance for insurers authorized to do business in foreign jurisdiction and holding foreign contracts 682A.446Additional foreign investment and foreign currency allowance for insurers not authorized to do business in foreign jurisdiction but holding foreign contracts 682A.448Calculation of foreign investments for purposes of determining compliance with limitations 682A.450Derivative transactions 682A.452Derivative transactions: Limitations on hedging transactions 682A.454Derivative transactions: Limitations on income generation transactions 682A.456Derivative transactions: Counterparty exposure 682A.458Commissioner may allow additional derivative transactions by regulation; limitations 682A.460Policy loans 682A.462Limited exemption from quantitative limits on certain investments 682A.464Limited exemption from certain restrictions on investments 682A.466Additional exemption from certain investment limitations with approval of Commissioner 682A.468Prohibitions applied to exempted investments 682A.500Applicability 682A.502Reserve requirements 682A.504Required reserve amount 682A.506Required reporting of reserves 682A.508Notification to Commissioner of insufficient reserves 682A.510Authority of Commissioner to remedy insufficient reserves 682A.512Diversification of investments 682A.514Medium and lower grade investments 682A.516Canadian investments 682A.518Rated credit instruments 682A.520Insurer investment pools 682A.522Acquisition of equity interests generally permissible 682A.524Limitation on aggregate amount of investments held in equity interests 682A.526Restriction on mortgage or real estate holdings acquired or held as equity interests 682A.528Short sale of equity investments 682A.530Tangible personal property under lease or other agreement 682A.532Valuation of personal property under lease 682A.534Limitation on aggregate amount of investments held in personal property under lease 682A.536Computation of investments held as personal property under lease for purposes of investment diversification requirements 682A.538Exempted personal property under lease 682A.540Mortgage loans 682A.542Income-producing real estate 682A.544Real estate for accommodation of business operations 682A.546Limitation on aggregate amount of investments held in mortgage loans and real estate 682A.548Securities lending, repurchase, reverse repurchase and dollar roll transactions 682A.550Foreign investments 682A.552Foreign currency exposure 682A.554Additional foreign investment and foreign currency allowance for insurers authorized to do business in foreign jurisdiction and holding foreign contracts 682A.556Additional foreign investment and foreign currency allowance for insurers not authorized to do business in foreign jurisdiction but holding foreign contracts 682A.558Calculation of foreign investments for purposes of determining compliance with limitations 682A.560Derivative transactions 682A.562Derivative transactions: Limitations on hedging transactions 682A.564Derivative transactions: Limitations on income generation transactions 682A.566Derivative transactions: Counterparty exposure 682A.568Commissioner may allow additional derivative transactions by regulation; limitations 682A.570Limited exemption from certain restrictions on investments 682A.572Quantitative limitation on exempted investments