NRS 682A.434
Real estate for accommodation of business operations.

1.

An insurer may acquire, manage and dispose of real estate for the convenient accommodation of the insurer’s, and its affiliates’, business operations, including home office, branch office and field office operations.

2.

Real estate acquired as described in this section may include excess space for rent to others, if the excess space, valued at its fair market value, would otherwise be an allowed investment in accordance with the provisions of NRS 682A.432 and is so qualified by the insurer.

3.

The real estate acquired as described in this section may be subject to one or more mortgages, liens or other encumbrances, the amount of which must, to the extent that the obligations secured by the mortgages, liens or encumbrances are without recourse to the insurer, be deducted from the amount of the investment of the insurer in the real estate for purposes of determining compliance with subsection 4 of NRS 682A.436.

4.

For the purposes of this section, business operations must not include that portion of real estate used for the direct provision of health care services by an accident and health insurer for its insureds. An insurer may acquire real estate used for these purposes under NRS 682A.432.

Source: Section 682A.434 — Real estate for accommodation of business operations., https://www.­leg.­state.­nv.­us/NRS/NRS-682A.­html#NRS682ASec434.

682A.400
Applicability. 682A.402
Diversification of investments. 682A.404
Medium and lower grade investments. 682A.406
Canadian investments. 682A.408
Rated credit instruments. 682A.410
Insurer investment pools. 682A.412
Acquisition of equity interests generally permissible. 682A.414
Limitation on aggregate amount of investments held in equity interests. 682A.416
Restriction on mortgage or real estate holdings acquired or held as equity interests. 682A.418
Short sale of equity investments. 682A.420
Tangible personal property under lease or other agreement. 682A.422
Valuation of personal property under lease. 682A.424
Limitation on aggregate amount of investments held in personal property under lease. 682A.426
Computation of investments held as personal property under lease for purposes of investment diversification requirements. 682A.428
Exempted personal property under lease. 682A.430
Mortgage loans. 682A.432
Income-producing real estate. 682A.434
Real estate for accommodation of business operations. 682A.436
Limitation on aggregate amount of investments held in mortgage loans and real estate. 682A.438
Securities lending, repurchase, reverse repurchase and dollar roll transactions. 682A.440
Foreign investments. 682A.442
Foreign currency exposure. 682A.444
Additional foreign investment and foreign currency allowance for insurers authorized to do business in foreign jurisdiction and holding foreign contracts. 682A.446
Additional foreign investment and foreign currency allowance for insurers not authorized to do business in foreign jurisdiction but holding foreign contracts. 682A.448
Calculation of foreign investments for purposes of determining compliance with limitations. 682A.450
Derivative transactions. 682A.452
Derivative transactions: Limitations on hedging transactions. 682A.454
Derivative transactions: Limitations on income generation transactions. 682A.456
Derivative transactions: Counterparty exposure. 682A.458
Commissioner may allow additional derivative transactions by regulation 682A.460
Policy loans. 682A.462
Limited exemption from quantitative limits on certain investments. 682A.464
Limited exemption from certain restrictions on investments. 682A.466
Additional exemption from certain investment limitations with approval of Commissioner. 682A.468
Prohibitions applied to exempted investments.
Last Updated

Jun. 24, 2021

§ 682A.434’s source at nv​.us