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Code · Nevada · CHAPTER 682A - INVESTMENTS

NRS 682A.305 Requirements for admitted assets.

111 words·~1 min read·/nv/chapter-682a-investments/682a-305·

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NRS 682A.305 Requirements for admitted assets. Subject to the provisions of NRS 682A.310 , an insurer shall not acquire or hold an investment as an admitted asset unless at the time of acquisition the investment is:
1. Eligible for the payment or accrual of interest or a discount, whether in cash or securities, eligible to receive dividends or other distributions or is otherwise income producing; or
2. Acquired in accordance with NRS 682A.418 , 682A.422 , 682A.434 to 682A.442 , inclusive, 682A.446 to 682A.452 , inclusive, 682A.528 , 682A.532 , 682A.544 to 682A.552 , inclusive, or 682A.554 and 682A.556 or pursuant to the authority of this title, other than this chapter.
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