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.

Source: Section 682A.462 — Limited exemption from quantitative limits on certain investments., https://www.­leg.­state.­nv.­us/NRS/NRS-682A.­html#NRS682ASec462.

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

Feb. 5, 2021

§ 682A.462’s source at nv​.us