NRS 682A.502
Reserve requirements.

Subject to all other limitations and requirements of this chapter, a property and casualty, financial guaranty, mortgage guaranty or accident and health insurer shall maintain an amount not less than 100 percent of adjusted loss reserves and loss adjustment expense reserves, 100 percent of adjusted unearned premium reserves and 100 percent of statutorily required policy and contract reserves in:

1.

Cash and cash equivalents;

2.

High and medium grade investments that qualify pursuant to NRS 682A.518 and 682A.520;

3.

Equity interests that qualify pursuant to NRS 682A.522 to 682A.528, inclusive, and which are traded on a qualified exchange;

4.

Investments of the type set forth in NRS 682A.550 to 682A.558, inclusive, if the investments are rated in the highest generic rating category by a nationally recognized statistical rating organization recognized by the SVO for rating foreign jurisdictions and if any foreign currency exposure is effectively hedged through the maturity date of the investments;

5.

Qualifying investments of the type set forth in subsections 2, 3 and 4 that are acquired pursuant to NRS 682A.570 and 682A.572;

6.

Interest and dividends receivable on qualifying investments of the type set forth in subsections 1 to 5, inclusive; or

7.

Reinsurance recoverable on paid losses.

Source: Section 682A.502 — Reserve requirements., https://www.­leg.­state.­nv.­us/NRS/NRS-682A.­html#NRS682ASec502.

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.502’s source at nv​.us