NRS 682A.462 Limited exemption from quantitative limits on certain investments.
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NRS 682A.462 Limited exemption from quantitative limits on certain investments. Solely for the purpose of acquiring investments that exceed the quantitative limitations of NRS 682A.402 to 682A.448 , inclusive, an insurer may acquire in accordance with this section an investment, or engage in investment practices described in NRS 682A.438 , but an insurer shall not acquire an investment or engage in investment practices described in NRS 682A.438 in accordance with this section if, as a result of and after giving effect to the transaction:
1. The aggregate amount of investments held by the insurer would exceed 3 percent of its admitted assets; or
2. The aggregate amount of investments as to one limitation in NRS 682A.402 to 682A.448 , inclusive, held by the insurer would exceed 1 percent of its admitted assets.