reglab/housing_qa huggingface dataset:
NV Rev Stat § 682A.552 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.552 - Foreign currency exposure.

  1. Subject to the limitations of NRS 682A.512, 682A.514 and 682A.516, an insurer may acquire investments, or engage in investment practices denominated in foreign currencies, whether or not they are foreign investments acquired as described in NRS 682A.550, or additional foreign currency exposure as a result of the termination or expiration of a hedging transaction with respect to investments denominated in a foreign currency if:  (a) The aggregate amount of investments held by the insurer in accordance with this section denominated in foreign currencies does not exceed 15 percent of its admitted assets; and  (b) The aggregate amount of investments held by the insurer in accordance with this section denominated in the foreign currency of a single foreign jurisdiction does not exceed 10 percent of its admitted assets as to a foreign jurisdiction that has a sovereign debt rating of SVO 1 or 5 percent of its admitted assets as to any other foreign jurisdiction.  2. An investment must not be considered denominated in a foreign currency if the acquiring insurer enters into one or more contracts in transactions allowed under NRS 682A.560 to 682A.568, inclusive, and the business entity counterparty agrees, in accordance with the contract or contracts, to exchange all payments made on the foreign currency denominated investment for United States currency at a rate which effectively insulates the investment cash flows against future changes in currency exchange rates during the period the contract or contracts are in effect.  (Added to NRS by 2015, 3461)
NV Rev Stat § 682A.554 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.554 - Additional foreign investment and foreign currency allowance for insurers authorized to do business in foreign jurisdiction and holding foreign contracts.

In addition to investments allowed under NRS 682A.550 and 682A.552, an insurer that is authorized to do business in a foreign jurisdiction, and that has outstanding insurance, annuity or reinsurance contracts on lives or risks resident or located in that foreign jurisdiction and denominated in foreign currency of that jurisdiction, may acquire foreign investments respecting that foreign jurisdiction, and may acquire investments denominated in the currency of that jurisdiction, subject to the limitations of NRS 682A.512, 682A.514 and 682A.516. Investments made in accordance with this section in obligations of foreign governments, their political subdivisions and government-sponsored enterprises are not subject to the limitations of NRS 682A.512, 682A.514 and 682A.516 if those investments carry an SVO rating of 1 or 2. The aggregate amount of investments acquired by the insurer in accordance with this section must not exceed the greater of:  1. The amount the insurer is required by law to invest in the foreign jurisdiction; or  2. One hundred twenty-five percent of the amount of the insurer’s reserves, net of reinsurance and other obligations under the contracts.  (Added to NRS by 2015, 3461)
NV Rev Stat § 682A.556 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.556 - Additional foreign investment and foreign currency allowance for insurers not authorized to do business in foreign jurisdiction but holding foreign contracts.

In addition to investments allowed under NRS 682A.550 and 682A.552, an insurer that is not authorized to do business in a foreign jurisdiction but which has outstanding insurance, annuity or reinsurance contracts on lives or risks resident or located in a foreign jurisdiction and denominated in foreign currency of that jurisdiction, may acquire foreign investments respecting that foreign jurisdiction, and may acquire investments denominated in the currency of that jurisdiction subject to the limitations set forth in NRS 682A.512, 682A.514 and 682A.516. Investments made in accordance with this section in obligations of foreign governments, their political subdivisions and government-sponsored enterprises are not subject to the limitations of NRS 682A.512, 682A.514 and 682A.516 if those investments carry an SVO rating of 1 or 2. The aggregate amount of investments acquired by the insurer in accordance with this section must not exceed 105 percent of the amount of the insurer’s reserves, net of reinsurance, and other obligations under the contracts on risks resident or located in the foreign jurisdiction.  (Added to NRS by 2015, 3461)
NV Rev Stat § 682A.558 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.558 - Calculation of foreign investments for purposes of determining compliance with limitations.

Investments acquired in conformance with NRS 682A.550 to 682A.558, inclusive, must be aggregated with investments of the same types made under this chapter, and in a similar manner, for purposes of determining compliance with the limitations, if any, contained in this chapter. Investments in obligations of foreign governments, their political subdivisions and government-sponsored enterprises of these persons, except for those exempted in accordance with the provisions of NRS 682A.554 and 682A.556, are subject to the limitations of NRS 682A.512, 682A.514 and 682A.516.  (Added to NRS by 2015, 3462)
NV Rev Stat § 682A.560 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.560 - Derivative transactions.

An insurer may, directly or indirectly through an investment subsidiary, engage in derivative transactions as described in NRS 682A.560 to 682A.568, inclusive, pursuant to the following conditions:  1. An insurer may use derivative instruments under NRS 682A.560 to 682A.568, inclusive, to engage in hedging transactions and certain income generation transactions, as these terms may be further defined in regulations adopted by the Commissioner pursuant to NRS 682A.388; and  2. An insurer must be able to demonstrate to the Commissioner the intended hedging characteristics and the ongoing effectiveness of the derivative transaction or combination of transactions through cash flow testing or other appropriate analyses.  (Added to NRS by 2015, 3462)
NV Rev Stat § 682A.562 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.562 - Derivative transactions: Limitations on hedging transactions.

An insurer may enter into hedging transactions under NRS 682A.560 to 682A.568, inclusive, if, as a result of and after giving effect to the transaction:  1. The aggregate statement value of options, caps, floors and warrants not attached to another financial instrument purchased and used in hedging transactions does not exceed 7.5 percent of its admitted assets;  2. The aggregate statement value of options, caps and floors written in hedging transactions does not exceed 3 percent of its admitted assets; and  3. The aggregate potential exposure of collars, swaps, forwards and futures used in hedging transactions does not exceed 6.5 percent of its admitted assets.  (Added to NRS by 2015, 3462)
NV Rev Stat § 682A.564 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.564 - Derivative transactions: Limitations on income generation transactions.

An insurer may only enter into the following types of income generation transactions if, as a result of and after giving effect to the transactions, the aggregate statement value of the fixed income assets that are subject to call plus the face value of fixed income securities underlying a derivative instrument subject to call, plus the amount of the purchase obligations under the puts, does not exceed 10 percent of its admitted assets:  1. Sales of covered call options on noncallable fixed income securities, callable fixed income securities if the option expires by its terms before the end of the noncallable period or derivative instruments based on fixed income securities;  2. Sales of covered call options on equity securities, if the insurer holds in its portfolio, or can immediately acquire through the exercise of options, warrants or conversion rights already owned, the equity securities subject to call during the complete term of the call option sold; or  3. Sales of covered puts on investments that the insurer is allowed to acquire pursuant to this chapter if the insurer has escrowed, or entered into a custodian agreement segregating, cash or cash equivalents with a market value equal to the amount of its purchase obligations under the put during the complete term of the put option sold.  (Added to NRS by 2015, 3462)
NV Rev Stat § 682A.566 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.566 - Derivative transactions: Counterparty exposure.

An insurer shall include all counterparty exposure amounts in determining compliance with the limitations of NRS 682A.512, 682A.514 and 682A.516.  (Added to NRS by 2015, 3463)
NV Rev Stat § 682A.568 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.568 - Commissioner may allow additional derivative transactions by regulation; limitations.

In accordance with the regulations adopted pursuant to NRS 682A.388, the Commissioner may approve additional transactions involving the use of derivative instruments in excess of the limits of NRS 682A.562 or for other risk-management purposes, but replication transactions must not be allowed for other than risk-management purposes.  (Added to NRS by 2015, 3463)
NV Rev Stat § 682A.570 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.570 - Limited exemption from certain restrictions on investments.

An insurer may acquire investments, or engage in investment practices, in accordance with the provisions of this section and NRS 682A.572, of any kind that are not specifically prohibited by this chapter, or engage in investment practices, without regard to any limitation in NRS 682A.512 to 682A.558, inclusive, but an insurer shall not acquire an investment or engage in an investment practice in accordance with the provisions of this section and NRS 682A.572 if, as a result of and after giving effect to the transaction, the aggregate amount of the investments held by the insurer in accordance with the provisions of this section and NRS 682A.572 would exceed the greater of:  1. Its unrestricted surplus; or  2. The lesser of:  (a) Ten percent of its admitted assets; or  (b) Fifty percent of its surplus as regards policy holders.  (Added to NRS by 2015, 3463)
NV Rev Stat § 682A.572 (2021)
2021 Nevada Revised Statutes|Chapter 682A - Investments|NRS 682A.572 - Quantitative limitation on exempted investments.

An insurer shall not acquire any investment or engage in any investment practice in accordance with subsection 2 of NRS 682A.570 if, as a result of and after giving effect to the transaction, the aggregate amount of all investments in any one person held by the insurer in accordance with subsection 1 of NRS 682A.570 would exceed 5 percent of its admitted assets.  (Added to NRS by 2015, 3463)
NV Rev Stat § 682B.010 (2021)
2021 Nevada Revised Statutes|Chapter 682B - Deposits|NRS 682B.010 - Authorized deposits.

The following deposits of insurers when made through the Commissioner must be accepted and held by the Commissioner in trust, subject to the provisions of NRS 682B.010 to 682B.120, inclusive:  1. Deposits required under this Code for authority to transact insurance in this state.  2. Deposits of domestic insurers when made pursuant to the laws of other states, provinces and countries as a requirement for authority to transact insurance in such state, province or country.  3. Deposits in such additional amounts as are permitted to be made under NRS 682B.080.  (Added to NRS by 1971, 1629; A 1985, 609)
NV Rev Stat § 682B.015 (2021)
2021 Nevada Revised Statutes|Chapter 682B - Deposits|NRS 682B.015 - Additional deposit.

  1. In addition to the deposits authorized by NRS 682B.010, the Commissioner may by regulation require as a condition of transacting the business of insurance in this state that a special deposit be maintained in this state by an authorized insurer who is subject to the provisions of chapter 680A of NRS or by an eligible insurer who is subject to the provisions of chapter 685A of NRS.  2. A deposit pursuant to this section:  (a) Must be held for the sole benefit and protection of policyholders residing in this state and any risk that is resident, located or to be performed in this state that is the subject of insurance; and  (b) Is subject to the provisions of NRS 682B.030 to 682B.120, inclusive.  (Added to NRS by 1993, 2386)
NV Rev Stat § 682B.020 (2021)
2021 Nevada Revised Statutes|Chapter 682B - Deposits|NRS 682B.020 - Purpose of deposit.

  1. Deposits made in this state under NRS 680A.140 and 680A.330 (retaliatory provision) shall be held in trust for the respective purposes stated in those sections.  2. A deposit made in this state by a domestic insurer transacting insurance in another state, province or country, and as required by the laws of such other state, province or country, shall be held for the protection of all the insurer’s policyholders or all its policyholders and creditors or for such other purpose or purposes as may be specified pursuant to such laws.  3. Deposits required under NRS 680A.330 (retaliatory provision) shall be held for such purposes as are required by such section, and as specified by the Commissioner’s order requiring such deposit to be made.  (Added to NRS by 1971, 1629)
NV Rev Stat § 682B.030 (2021)
2021 Nevada Revised Statutes|Chapter 682B - Deposits|NRS 682B.030 - Securities eligible for deposit.

  1. All such deposits required under NRS 680A.140 for authority to transact insurance in this state shall consist of good interest-bearing or dividend-paying securities of kinds eligible for investment of the funds of domestic insurers under NRS chapter 682A (investments).  2. All other deposits of a domestic insurer held in this state pursuant to the laws of another state, province or country shall be comprised of securities of the kinds described in subsection 1, and of such additional kind or kinds of securities required or permitted by the laws of such state, province or country.  3. Deposits of foreign insurers made in this state under NRS 680A.330 (retaliatory provision) shall consist of such assets as are required by the Commissioner pursuant to such law.  4. Evidences of indebtedness secured by real property shall be eligible for deposit only if the real property securing such indebtedness is situated within the State of Nevada. The evidence of indebtedness so deposited shall be accompanied by a certificate from a duly authorized title insurer doing business in the county in which the real property is situated, showing that the indebtedness is a first lien against such real property, other than for real property taxes.  (Added to NRS by 1971, 1629)
NV Rev Stat § 682B.040 (2021)
2021 Nevada Revised Statutes|Chapter 682B - Deposits|NRS 682B.040 - Deposits through Commissioner required; exceptions; Account for Division of Insurance; responsibilities of State.

  1. Except as otherwise provided in NRS 682B.050 and 682B.055, deposits made in this state pursuant to this Code must be made through the Commissioner. The Account for the Division of Insurance is hereby created in the State Agency Fund for Bonds. All money received by the Commissioner must be deposited with the State Treasurer to the credit of the Account. All claims against the Account must be paid as other claims against the State are paid.  2. The State of Nevada is responsible for the safekeeping of all securities or other assets deposited with the State Treasurer through the Commissioner pursuant to this Code, and shall bear the costs of the depository.  (Added to NRS by 1971, 1630; A 1985, 609, 935; 1991, 1625, 1820; 1993, 572, 573, 1914)
NV Rev Stat § 682B.050 (2021)
2021 Nevada Revised Statutes|Chapter 682B - Deposits|NRS 682B.050 - Custodial arrangements.

  1. In lieu of a deposit made as provided in NRS 682B.040, the Commissioner in his or her discretion may, upon written request of the insurer and where of greater convenience to the insurer, permit such deposit to be made with and held by the trust department of an established bank or credit union located in Nevada if both the bank or credit union and the custodial arrangements are approved by the Commissioner.  2. All such custodial arrangements shall comply in substance with the requirements of this Code as to like deposits through the Commissioner, as to amount, purposes, maintenance, replenishment, release and withdrawal, and as to the rights of the insurer therein.  3. The cost of any such custodianship shall be borne by the insurer. The State of Nevada shall have no responsibility for the safekeeping of any such deposit.  4. The Commissioner may at any time, in his or her discretion, terminate any such custodial arrangement and require the deposit represented thereby to be made as otherwise provided for under NRS 682B.010 to 682B.120, inclusive.  (Added to NRS by 1971, 1630; A 1999, 1548)
NV Rev Stat § 682B.055 (2021)
2021 Nevada Revised Statutes|Chapter 682B - Deposits|NRS 682B.055 - Use of securities as deposit without delivery to Commissioner.

The Commissioner:  1. May allow an insurer to use securities as a deposit or as a part of a deposit without delivering the securities to the Commissioner under the conditions specified in regulations adopted pursuant to subsection 1 of NRS 680A.140.  2. Shall allow any successor organization to the State Industrial Insurance System that was established by section 79 of chapter 642, Statutes of Nevada 1981, at page 1449, to use the money held in trust by the organization pursuant to NRS 616B.042 as a deposit or as a part of a deposit for authority to transact industrial insurance without delivering that money to the Commissioner.  (Added to NRS by 1985, 609; A 1999, 1832)
NV Rev Stat § 682B.060 (2021)
2021 Nevada Revised Statutes|Chapter 682B - Deposits|NRS 682B.060 - Assignment, transfer and conveyance of assets; release.

  1. Except as provided in NRS 682B.055, an insurer shall assign to the Commissioner and the successors in office of the Commissioner in trust all securities being deposited with or through the Commissioner under NRS 682B.010 to 682B.120, inclusive, which are not negotiable by delivery. In lieu of such an assignment, the insurer may give the Commissioner an irrevocable power of attorney authorizing the Commissioner to transfer the securities or any part thereof for any purpose within the scope of NRS 682B.010 to 682B.120, inclusive.  2. In the case of securities or assets held under custodial arrangements pursuant to NRS 682B.050, the custodian’s receipt therefor must be delivered to the Commissioner in trust, if negotiable, or assigned to the Commissioner so that legal title to such securities or assets is vested in the Commissioner and the successors in office of the Commissioner.  3. The insurer shall convey to the Commissioner and the successors in office of the Commissioner in trust any real property being deposited under this Code.  4. Upon release to the insurer, or other person entitled thereto, of any security or asset, the Commissioner shall reassign or transfer or reconvey it to the insurer or person. In the case of power of attorney given pursuant to subsection 1, the Commissioner shall deliver the power of attorney, together with the securities covered thereby, to the insurer or person entitled thereto.  (Added to NRS by 1971, 1631; A 1985, 609)
NV Rev Stat § 682B.070 (2021)
2021 Nevada Revised Statutes|Chapter 682B - Deposits|NRS 682B.070 - Appraisal.

The Commissioner may, in his or her discretion, prior to acceptance for deposit of any particular asset or security, or at any time thereafter while so deposited, have the same appraised or valued by competent appraisers. The reasonable costs of any such appraisal or valuation shall be borne by the insurer.  (Added to NRS by 1971, 1631)
NV Rev Stat § 682B.080 (2021)
2021 Nevada Revised Statutes|Chapter 682B - Deposits|NRS 682B.080 - Excess deposits.

  1. If assets deposited by an insurer under NRS 682B.010 to 682B.120, inclusive, are subject to material fluctuations in market value, the Commissioner may, in his or her discretion, require the insurer to deposit and maintain on deposit additional assets in an amount reasonably necessary to assure that the deposit at all times has a market value of not less than the amount specified under the law by which the deposit is required.  2. An insurer may otherwise at its option deposit assets in an amount exceeding its deposit required or otherwise permitted under this Code by not more than 20 percent of such required or permitted deposit, or $20,000, whichever is the larger amount, for the purpose of absorbing fluctuations in the value of assets deposited and to facilitate exchange and substitution of such assets. During the solvency of the insurer, any such excess shall be released to the insurer upon its request. During the insolvency of the insurer, such excess deposit shall be released only as provided in subsection 3 of NRS 682B.120.  (Added to NRS by 1971, 1631)
NV Rev Stat § 682B.090 (2021)
2021 Nevada Revised Statutes|Chapter 682B - Deposits|NRS 682B.090 - Rights of insurer during solvency.

So long as the insurer remains solvent and is in compliance with this Code it may:  1. Demand, receive, sue for and recover the income from the assets deposited;  2. Exchange and substitute assets of equivalent or greater fair market value for the deposited assets; and  3. At any reasonable time inspect any such deposit.  (Added to NRS by 1971, 1632)
NV Rev Stat § 682B.100 (2021)
2021 Nevada Revised Statutes|Chapter 682B - Deposits|NRS 682B.100 - Levy upon deposit.

No judgment creditor or other claimant of an insurer shall have the right to levy upon any of the assets or securities held in this state as a deposit for the protection of the insurer’s policyholders or policyholders and creditors. Levy upon deposits made pursuant to NRS 680A.330 (retaliatory provision) shall be permitted if so provided in the Commissioner’s order under which the deposit is required.  (Added to NRS by 1971, 1632)
NV Rev Stat § 682B.110 (2021)
2021 Nevada Revised Statutes|Chapter 682B - Deposits|NRS 682B.110 - Deficiency of deposit.

If for any reason the market value of assets of an insurer held on deposit in this state falls below the amount required under this Code, the insurer shall promptly deposit other or additional assets eligible for deposit sufficient to cure the deficiency. If the insurer has failed to cure the deficiency within 20 days after receipt of notice thereof by registered or certified mail from the Commissioner, the Commissioner shall forthwith revoke the insurer’s certificate of authority.  (Added to NRS by 1971, 1632)