NRS 682A.123
“Investment subsidiary” defined.

“Investment subsidiary” means a subsidiary of an insurer engaged or organized to engage exclusively in the ownership and management of assets authorized as investments for the insurer where the subsidiary limits its investment in any asset so that its investments will not cause the amount of the total investment of the insurer to exceed any of the investment limitations or avoid any other provisions of this chapter applicable to the insurer. As used in this section, “total investment of the insurer” includes:

1.

Direct investment by the insurer in an asset; and

2.

The insurer’s proportionate share of an investment in an asset by an investment subsidiary of the insurer, calculated by multiplying the amount of the subsidiary’s investment by the percentage of the insurer’s ownership interest in the subsidiary.

Source: Section 682A.123 — “Investment subsidiary” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-682A.­html#NRS682ASec123.

682A.005
Definitions. 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.
Last Updated

Jun. 24, 2021

§ 682A.123’s source at nv​.us