NRS 682A.516
Canadian investments.

1.

An insurer shall not acquire, directly or indirectly through an investment subsidiary, any Canadian investments 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 paragraph (c) or (d) of subsection 1 of NRS 682A.518 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)

One hundred twenty-five percent of the amount of its reserves and other obligations under contracts on risks resident or located in Canada.

Source: Section 682A.516 — Canadian investments., https://www.­leg.­state.­nv.­us/NRS/NRS-682A.­html#NRS682ASec516.

682A.500
Applicability. 682A.502
Reserve requirements. 682A.504
Required reserve amount. 682A.506
Required reporting of reserves. 682A.508
Notification to Commissioner of insufficient reserves. 682A.510
Authority of Commissioner to remedy insufficient reserves. 682A.512
Diversification of investments. 682A.514
Medium and lower grade investments. 682A.516
Canadian investments. 682A.518
Rated credit instruments. 682A.520
Insurer investment pools. 682A.522
Acquisition of equity interests generally permissible. 682A.524
Limitation on aggregate amount of investments held in equity interests. 682A.526
Restriction on mortgage or real estate holdings acquired or held as equity interests. 682A.528
Short sale of equity investments. 682A.530
Tangible personal property under lease or other agreement. 682A.532
Valuation of personal property under lease. 682A.534
Limitation on aggregate amount of investments held in personal property under lease. 682A.536
Computation of investments held as personal property under lease for purposes of investment diversification requirements. 682A.538
Exempted personal property under lease. 682A.540
Mortgage loans. 682A.542
Income-producing real estate. 682A.544
Real estate for accommodation of business operations. 682A.546
Limitation on aggregate amount of investments held in mortgage loans and real estate. 682A.548
Securities lending, repurchase, reverse repurchase and dollar roll transactions. 682A.550
Foreign investments. 682A.552
Foreign currency exposure. 682A.554
Additional foreign investment and foreign currency allowance for insurers authorized to do business in foreign jurisdiction and holding foreign contracts. 682A.556
Additional foreign investment and foreign currency allowance for insurers not authorized to do business in foreign jurisdiction but holding foreign contracts. 682A.558
Calculation of foreign investments for purposes of determining compliance with limitations. 682A.560
Derivative transactions. 682A.562
Derivative transactions: Limitations on hedging transactions. 682A.564
Derivative transactions: Limitations on income generation transactions. 682A.566
Derivative transactions: Counterparty exposure. 682A.568
Commissioner may allow additional derivative transactions by regulation 682A.570
Limited exemption from certain restrictions on investments. 682A.572
Quantitative limitation on exempted investments.
Last Updated

Feb. 5, 2021

§ 682A.516’s source at nv​.us