reglab/housing_qa huggingface dataset:
NV Rev Stat § 682A.153 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.153 - "Option" defined.

Option means an agreement giving the buyer the right to buy or receive, sell or deliver, enter into, extend or terminate, or effect a cash settlement based on the actual or expected price, level, performance or value of one or more underlying interests.  (Added to NRS by 2015, 3422)
NV Rev Stat § 682A.155 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.155 - "Over-the-counter derivative instrument" defined.

Over-the-counter derivative instrument means a derivative instrument entered into with a business entity other than through a qualified exchange or qualified foreign exchange, or cleared through a qualified clearinghouse.  (Added to NRS by 2015, 3422)
NV Rev Stat § 682A.157 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.157 - "Person" defined.

Person means an individual, a business entity, a multilateral development bank or a government or quasi-governmental body, including, without limitation, a political subdivision or a government sponsored enterprise.  (Added to NRS by 2015, 3422)
NV Rev Stat § 682A.159 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.159 - "Potential exposure" defined.

Potential exposure means the amount determined in accordance with the Annual Statement Instructions for the type of insurer to be reported on as adopted by the NAIC.  (Added to NRS by 2015, 3422)
NV Rev Stat § 682A.163 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.163 - "Preferred stock" defined.

Preferred stock means the stock of a business entity authorized to issue the stock and that has a preference in liquidation over the common stock of the business entity.  (Added to NRS by 2015, 3422)
NV Rev Stat § 682A.165 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.165 - "Qualified bank" defined.

Qualified bank means:  1. A national bank, state bank or trust company that at all times is not less than adequately capitalized as determined by the standards adopted by United States banking regulators and that is either regulated by state banking laws or is a member of the Federal Reserve System; or  2. A bank or trust company incorporated or organized in accordance with the laws of a country other than the United States that is regulated as a bank or trust company by that country’s government, or an agency thereof, and that at all times is not less than adequately capitalized as determined by the standards adopted by international banking authorities.  (Added to NRS by 2015, 3422)
NV Rev Stat § 682A.167 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.167 - "Qualified business entity" defined.

Qualified business entity means a business entity that is:  1. An issuer of obligations or preferred stock that is rated 1 or 2 by the SVO or an issuer of obligations, preferred stock or derivative instruments that are rated the equivalent of 1 or 2 by the SVO or by a nationally recognized statistical rating organization recognized by the SVO; or  2. A primary dealer in United States government securities, recognized by the Federal Reserve Bank of New York.  (Added to NRS by 2015, 3422)
NV Rev Stat § 682A.169 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.169 - "Qualified clearinghouse" defined.

Qualified clearinghouse means a clearinghouse for, and subject to the rules of, a qualified exchange or qualified foreign exchange, which provides clearing services, including acting as a counterparty to each of the parties to a transaction such that the parties no longer have credit risk as to each other.  (Added to NRS by 2015, 3422)
NV Rev Stat § 682A.173 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.173 - "Qualified exchange" defined.

Qualified exchange means:  1. A securities exchange registered as a national securities exchange or a securities market regulated in accordance with the Securities Exchange Act of 1934, 15 U.S.C. §§ 78a et seq., as amended;  2. A board of trade or commodities exchange designated as a contract market by the United States Commodity Futures Trading Commission or any successor thereof;  3. Private Offerings, Resales and Trading through Automated Linkages, otherwise known as PORTAL;  4. A designated offshore securities market as defined in Securities Exchange Commission Regulation S, 17 C.F.R. Part 230, as amended; or  5. A qualified foreign exchange.  (Added to NRS by 2015, 3423)
NV Rev Stat § 682A.175 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.175 - "Qualified foreign exchange" defined.

Qualified foreign exchange means a foreign exchange, board of trade or contract market located outside the United States, its territories or possessions:  1. That has received regulatory comparability relief in accordance with Commodity Futures Trading Commission Rule 30.10, as set forth in 17 C.F.R. Part 30, Appendix C, as amended;  2. That is, or its members are, subject to the jurisdiction of a foreign futures authority that has received regulatory comparability relief in accordance with Commodity Futures Trading Commission Rule 30.10, as set forth in 17 C.F.R. Part 30, Appendix C, as amended, as to futures transactions in the jurisdiction where the exchange, board of trade or contract market is located; or  3. Upon which foreign stock index futures contracts are listed that are the subject of no-action relief issued by the Commodity Futures Trading Commission’s Office of General Counsel, provided that an exchange, board of trade or contract market that qualifies as a qualified foreign exchange only in accordance with this section is a qualified foreign exchange as to foreign stock index futures contracts that are the subject of no-action relief.  (Added to NRS by 2015, 3423)
NV Rev Stat § 682A.177 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.177 - "Rated credit instrument" defined.

  1. "Rated credit instrument" means a contractual right to receive cash or another rated credit instrument from another entity which instrument:  (a) Is rated or required to be rated by the SVO;  (b) In the case of an instrument with a maturity of 397 days or less, is issued, guaranteed or insured by an entity that is rated by, or another obligation of such entity is rated by, the SVO or by a nationally recognized statistical rating organization recognized by the SVO;  (c) In the case of an instrument with a maturity of 90 days or less, is issued by a qualified bank;  (d) Is a share of a class one bond mutual fund; or  (e) Is a share of a money market mutual fund.  2. The term does not include:  (a) An instrument that is mandatorily, or at the option of the issuer, convertible to an equity interest; or  (b) A security that has a par value and whose terms provide that the issuer’s net obligation to repay all or part of the security’s par value is determined by reference to the performance of an equity, a commodity, a foreign currency or an index of equities, commodities, foreign currencies, or any combination thereof.  (Added to NRS by 2015, 3423)
NV Rev Stat § 682A.179 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.179 - "Real estate" defined.

  1. "Real estate" means:  (a) Real property;  (b) Interests in real property, including, without limitation, leaseholds, minerals and oil and gas that have not been separated from the underlying fee interest;  (c) Improvements and fixtures located on or in real property; and  (d) The seller’s equity in a contract providing for a deed of real estate.  2. As to a mortgage on real estate, the term includes the leasehold estate only if it has an unexpired term, including, without limitation, renewal options exercisable at the option of the lessee, extending beyond the scheduled maturity date of the obligation that is secured by a mortgage on the leasehold estate for the greater of:  (a) A period equal to at least 20 percent of the original term of the obligation; or  (b) Ten years.  (Added to NRS by 2015, 3424)
NV Rev Stat § 682A.183 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.183 - "Replication transaction" defined.

Replication transaction means a derivative transaction that is intended to replicate the performance of one or more assets which an insurer is authorized to acquire in accordance with the provisions of this chapter. The term does not include a derivative transaction that is entered into as a hedging transaction.  (Added to NRS by 2015, 3424)
NV Rev Stat § 682A.185 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.185 - "Repurchase transaction" defined.

Repurchase transaction means a transaction in which an insurer purchases securities from a business entity that is obligated to repurchase the purchased securities, or equivalent securities, from the insurer at a specified price, either within a specified period of time or upon demand.  (Added to NRS by 2015, 3424)
NV Rev Stat § 682A.187 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.187 - "Required liabilities" defined.

Required liabilities means the total liabilities required to be reported on the statutory financial statement of the insurer most recently required to be filed with the Commissioner.  (Added to NRS by 2015, 3424)
NV Rev Stat § 682A.189 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.189 - "Residential mortgage loan" defined.

Residential mortgage loan means a mortgage loan primarily secured by real estate which is improved with at least one but not more than four residential dwelling units.  (Added to NRS by 2015, 3424)
NV Rev Stat § 682A.193 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.193 - "Reverse repurchase transaction" defined.

Reverse repurchase transaction means a transaction in which an insurer sells securities to a business entity and is obligated to repurchase the sold securities, or equivalent securities, from the business entity at a specified price, either within a specified period of time or on demand.  (Added to NRS by 2015, 3424)
NV Rev Stat § 682A.195 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.195 - "Secured location" defined.

Secured location means the contiguous real estate owned by one person.  (Added to NRS by 2015, 3424)
NV Rev Stat § 682A.197 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.197 - "Securities lending transaction" defined.

Securities lending transaction means a transaction in which securities are loaned by an insurer to a business entity that is obligated to return the loaned securities, or equivalent securities, to the insurer, either within a specified period of time or upon demand.  (Added to NRS by 2015, 3424)
NV Rev Stat § 682A.199 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.199 - "Series company" defined.

Series company means an investment company that is organized as a series company, as defined in 17 C.F.R. § 270.18f-2.  (Added to NRS by 2015, 3424)
NV Rev Stat § 682A.203 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.203 - "Sinking fund stock" defined.

Sinking fund stock means preferred stock that:  1. Is subject to a mandatory sinking fund or similar arrangement that will provide for the redemption or open market purchase of the entire issue over a period not greater than 40 years after the date of acquisition; and  2. Provides for mandatory sinking fund installments or open market purchases commencing not more than 10.5 years after the date of issue, with the sinking fund installments providing for the purchase or redemption, on a cumulative basis commencing 10 years after the date of issue, of at least 2.5 percent per year of the original number of shares of that issue of preferred stock.  (Added to NRS by 2015, 3424)
NV Rev Stat § 682A.205 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.205 - "Special rated credit instrument" defined.

Special rated credit instrument means a rated credit instrument that meets the requirements of NRS 682A.295.  (Added to NRS by 2015, 3425)
NV Rev Stat § 682A.207 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.207 - "State" defined.

State means a state, territory or possession of the United States, the District of Columbia or the Commonwealth of Puerto Rico.  (Added to NRS by 2015, 3425)
NV Rev Stat § 682A.209 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.209 - "Substantially similar securities" defined.

Substantially similar securities means securities that meet all criteria for "substantially similar" specified in the Accounting Practices and Procedures Manual adopted by the NAIC, as amended, and in an amount that constitutes good delivery form as determined from time to time by the Public Securities Administration, or its successor organization.  (Added to NRS by 2015, 3425)
NV Rev Stat § 682A.213 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.213 - "SVO" defined.

SVO means the Securities Valuation Office of the NAIC, or any successor office established by the NAIC.  (Added to NRS by 2015, 3425)
NV Rev Stat § 682A.215 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.215 - "Swap" defined.

Swap means an agreement to exchange or to net payments at one or more times based on the actual or expected price, level, performance or value of one or more underlying interests.  (Added to NRS by 2015, 3425)
NV Rev Stat § 682A.217 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.217 - "Underlying interest" defined.

Underlying interest means the assets, liabilities, other interests or a combination thereof underlying a derivative instrument, including, without limitation, any one or more securities, currencies, rates, indices, commodities or derivative instruments.  (Added to NRS by 2015, 3425)
NV Rev Stat § 682A.219 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.219 - "Unrestricted surplus" defined.

Unrestricted surplus means the amount by which total admitted assets exceed 125 percent of the insurer’s required liabilities.  (Added to NRS by 2015, 3425)
NV Rev Stat § 682A.223 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.223 - "Warrant" defined.

Warrant means an instrument that:  1. Gives the holder the right to purchase an underlying financial instrument at a given price and time or at a series of prices and times outlined in the warrant agreement; and  2. Is issued alone or in connection with the sale of other securities, including, without limitation, as part of a merger or recapitalization agreement, or to facilitate the divestiture of the securities of another business entity.  (Added to NRS by 2015, 3425)
NV Rev Stat § 682A.245 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.245 - Qualifications for asset-backed securities.

To qualify as an asset-backed security, a trust or other special purpose bankruptcy-remote business entity must meet the following conditions:  1. The trust or other business entity is established solely for the purpose of acquiring specific types of assets or rights to cash flows, issuing securities and other instruments representing an interest in or right to receive cash flows from those assets or rights, and engaging in activities required to service the assets or rights and any credit enhancement or support features held by the trust or other business entity; and  2. The assets of the trust or other business entity consist solely of interest-bearing obligations or other contractual obligations representing the right to receive payment from the cash flows from the assets or rights. The existence of credit enhancements, including, without limitation, letters of credit or guarantees, or support features, including, without limitation, swap agreements, do not cause a security or other instrument to be ineligible as an asset-backed security.  (Added to NRS by 2015, 3425)
NV Rev Stat § 682A.255 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.255 - Presumptive control.

  1. Control, as defined in NRS 682A.047, shall be deemed to exist if a person, directly or indirectly, owns, controls, holds with the power to vote or holds proxies representing 10 percent or more of the voting securities of another person.  2. A presumption of control may be rebutted by a showing that control does not exist in fact.   3. The Commissioner may determine, after furnishing all interested persons notice and an opportunity to be heard and making specific findings of fact to support the determination, that control exists in fact, notwithstanding the absence of a presumption to that effect.  (Added to NRS by 2015, 3426)
NV Rev Stat § 682A.265 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.265 - Calculation of counterparty exposure.

  1. Except as otherwise provided in this section, the counterparty exposure amount is the net amount of credit risk attributable to an over-the-counter derivative instrument. The amount of credit risk equals:  (a) The market value of the over-the-counter derivative instrument if the liquidation of the derivative instrument would result in a final cash payment to the insurer; or  (b) Zero, if the liquidation of the derivative instrument would not result in a final cash payment to the insurer.  2. If over-the-counter derivative instruments are entered into in accordance with a written master agreement which provides for netting of payments owed by the respective parties, and the domiciliary jurisdiction of the counterparty is either within the United States or, if not within the United States, within a foreign jurisdiction listed in the Purposes and Procedures Manual of the SVO as eligible for netting, the net amount of credit risk is the greater of zero or the net sum of:  (a) The market value of the over-the-counter derivative instruments entered into in accordance with the agreement, the liquidation of which would result in a final cash payment to the insurer; and  (b) The market value of the over-the-counter derivative instruments entered into in accordance with the agreement, the liquidation of which would result in a cash payment by the insurer to the business entity.  3. For open transactions, market value must be determined at the end of the most recent quarter of the insurer’s fiscal year and must be reduced by the market value of acceptable collateral held by the insurer or placed in escrow by one or both parties.  (Added to NRS by 2015, 3426)
NV Rev Stat § 682A.275 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.275 - Qualifications for equivalent securities.

To qualify as equivalent securities, the securities must be:  1. In a securities lending transaction, securities that are identical to the loaned securities in all features including the amount of the loaned securities, except as to certificate number if held in physical form, but if any different security is exchanged for a loaned security by recapitalization, merger, consolidation or other corporate action, the different security shall be deemed to be the loaned security;  2. In a repurchase transaction, securities that are identical to the purchased securities in all features including the amount of the purchased securities, except as to the certificate number if held in physical form; or  3. In a reverse repurchase transaction, securities that are identical to the sold securities in all features including the amount of the sold securities, except as to the certificate number if held in physical form.  (Added to NRS by 2015, 3426)
NV Rev Stat § 682A.285 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.285 - Exception for foreign investments.

  1. An investment shall not be deemed a foreign investment if the issuing person, qualified primary credit source or qualified guarantor is a domestic jurisdiction or a person domiciled in a domestic jurisdiction unless:  (a) The issuing person is a shell business entity; and  (b) The investment is not assumed, accepted, guaranteed or insured or otherwise backed by a domestic jurisdiction or a person, that is not a shell business entity, domiciled in a domestic jurisdiction.  2. For the purposes of this section:  (a) "Qualified guarantor" means a guarantor against which an insurer has a direct claim for full and timely payment, evidenced by a contractual right for which an enforcement action can be brought in a domestic jurisdiction.  (b) "Qualified primary credit source" means the credit source to which an insurer looks for payment as to an investment and against which an insurer has a direct claim for full and timely payment, evidenced by a contractual right for which an enforcement action can be brought in a domestic jurisdiction.  (c) "Shell business entity" means a business entity having no economic substance, except as a vehicle for owning interests in assets issued, owned or previously owned by a person domiciled in a foreign jurisdiction.  (Added to NRS by 2015, 3427)
NV Rev Stat § 682A.300 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.300 - Investments and investment practices required to conform with this chapter.

Insurers may acquire, hold or invest in investments or engage in investment practices as set forth in this chapter. Investments not conforming to the provisions of this chapter are not admitted assets.  (Added to NRS by 1971, 1617; A 1999, 1832; 2015, 3463) — (Substituted in revision for NRS 682A.020)
NV Rev Stat § 682A.305 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.305 - Requirements for admitted assets.

Subject to the provisions of NRS 682A.310, an insurer shall not acquire or hold an investment as an admitted asset unless at the time of acquisition the investment is:  1. Eligible for the payment or accrual of interest or a discount, whether in cash or securities, eligible to receive dividends or other distributions or is otherwise income producing; or  2. Acquired in accordance with NRS 682A.418, 682A.422, 682A.434 to 682A.442, inclusive, 682A.446 to 682A.452, inclusive, 682A.528, 682A.532, 682A.544 to 682A.552, inclusive, or 682A.554 and 682A.556 or pursuant to the authority of this title, other than this chapter.  (Added to NRS by 2015, 3428)
NV Rev Stat § 682A.310 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.310 - Exemption from requirements for admitted assets.

An insurer may acquire or hold as admitted assets investments that do not otherwise qualify as provided in this chapter if:  1. The insurer has not acquired them for the purpose of circumventing any limitations contained in this chapter;  2. The insurer complies with the provisions of NRS 682A.380 and 682A.386 as to the investments; and  3. The insurer acquires the investments in the following circumstances:  (a) As payment on account of existing indebtedness or in connection with the refinancing, restructuring or workout of existing indebtedness, if taken to protect the insurer’s interest in that investment;  (b) As realization on collateral for an obligation;  (c) In connection with an otherwise qualified investment or investment practice, as interest on, or a dividend or other distribution related to, the investment or investment practice, or in connection with the refinancing of the investment, in each case for no additional or only nominal consideration;  (d) Under a lawful and bona fide agreement of recapitalization or voluntary or involuntary reorganization in connection with an investment held by the insurer; or  (e) Under a bulk reinsurance, merger or consolidation transaction approved by the Commissioner if the assets constitute admissible investments for the ceding, merged or consolidated companies.  (Added to NRS by 2015, 3428)