Whether or not any investment made pursuant to NRS 692C.140 meets the applicable requirements thereof is to be determined before such investment is made by calculating the applicable investment limitations as though the investment has already been made, taking into account the then outstanding principal balance on all previous investments in debt obligations, the value of all previous investments in equity securities as of the date they were made and the net of any return of capital invested, not including dividends.
NRS 692C.160
Determination of qualification of investment
Known as the Insurance Holding Company Law
The act spans §§ 692–692 (107 sections).
(Added to NRS by 1973, 1039; A 2013, 3360)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.