Nev. Rev. Stat. § 682A.424
Limitation on aggregate amount of investments held in personal property under lease
Nevada · Nevada Revised Statutes Chapter 682A — Investments · Status: effective
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- Nev. Rev. Stat. § 682A.424, Limitation on aggregate amount of investments held in personal property under lease, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2145873
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Full text
An insurer shall not acquire an investment in accordance with the provisions of NRS 682A.420 to 682A.428, inclusive, if, as a result of and after giving effect to the investment, the aggregate amount of all investments held by the insurer in accordance with the provisions of NRS 682A.420 to 682A.428, inclusive, would exceed:
1. Two percent of its admitted assets; or
2. One half of one percent of its admitted assets as to any single item of tangible personal property.