An insurer shall not acquire an investment in accordance with the provisions of NRS 682A.412 to 682A.418, inclusive, if, as a result of and after giving effect to the investment, the aggregate amount of investments held by the insurer in accordance with those sections would exceed 20 percent of the insurer’s admitted assets, or the amount of equity interests held by the insurer that are not listed on a qualified exchange would exceed 5 percent of the insurer’s admitted assets. An accident and health insurer is not subject to the provisions of NRS 682A.412 to 682A.418, inclusive, but is subject to the same aggregate limitation on equity interests as a property and casualty insurer in accordance with the provisions of NRS 682A.502 to 682A.510, inclusive, and 682A.522 to 682A.528, inclusive. (Added to NRS by 2015, 3438)
Nevada Legal Code