Nevada Revised Statutes Title 57. Insurance § 682A.518. Rated credit instruments

1. Subject to the limitations of NRS 682A.514, but not to the limitations of NRS 682A.512, an insurer may acquire rated credit instruments issued, assumed, guaranteed or insured by:

2. An insurer shall not acquire an instrument in accordance with paragraph (c) or (d) of subsection 1 if, as a result of and after giving effect to the investment, the aggregate amount of investments held by the insurer in accordance with paragraph (c) or (d) of subsection 1 would exceed 40 percent of its admitted assets.

3. Subject to the limitations of NRS 682A.514, but not to the limitations of NRS 682A.512, an insurer may acquire rated credit instruments, excluding asset-backed securities:

4. An insurer shall not acquire an instrument of any one fund, any one enterprise or entity, or any one state as described in subsection 3 if, as a result of and after giving effect to the investment, the aggregate amount of investments held in any one fund, enterprise or entity or state would exceed 10 percent of the insurer's admitted assets.

5. Subject to the limitations of NRS 682A.512, 682A.514 and 682A.516, an insurer may acquire preferred stocks that are not foreign investments and which meet the requirements of rated credit instruments if, as a result of and after giving effect to the investments:

6. Subject to the limitations of NRS 682A.512, 682A.514 and 682A.516, in addition to those investments eligible pursuant to subsections 1 to 5, inclusive, an insurer may acquire rated credit instruments that are not foreign investments.

7. An insurer shall not acquire special rated credit instruments as described in this section if, as a result of and after giving effect to the investment, the aggregate amount of special rated credit instruments held by the insurer would exceed 5 percent of the insurer's admitted assets.