NRS 682A.542
Income-producing real estate.

1.

An insurer may acquire, manage and dispose of real estate situated in a domestic jurisdiction either directly or indirectly through limited partnership interests and general partnership interests not otherwise prohibited by paragraph (d) of subsection 1 of NRS 682A.380, joint ventures, stock of an investment subsidiary or membership interests in a limited-liability company, trust certificates or other similar interests. The real estate must be income producing or intended for improvement or development for investment purposes under an existing program, in which case the real estate shall be deemed to be income producing.

2.

The real estate may be subject to 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 subsections 2 and 3 of NRS 682A.546.

Source: Section 682A.542 — Income-producing real estate., https://www.­leg.­state.­nv.­us/NRS/NRS-682A.­html#NRS682ASec542.

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.542’s source at nv​.us