Nev. Admin. Code § 682A.110 - Domestic insurers and health organizations: Filing and rating of applicable investments; nonadmitted assets; exempt investments
1. Except
as otherwise provided in subsection 4, a domestic insurer or health
organization that is regulated pursuant to title 57 of NRS shall file with and
have its applicable investments rated by the Securities Valuation Office of the
National Association of Insurance Commissioners, One New York Plaza, Suite
4210, New York, New York 10004.
2.
Each applicable investment must be reported to the Securities Valuation Office
within 120 days after the investment is acquired.
3. The Division of Insurance of the
Department of Business and Industry may consider an applicable investment as a
nonadmitted asset if it is rated by the Securities Valuation Office:
(a) With a designation of NR.
(b) With a designation of Z on any date that
is more than 240 days after the date of the acquisition of the
investment.
4. A
domestic insurer or health organization is exempt from filing its applicable
investments with the Securities Valuation Office if the investments qualify for
the provisionally exempt provisions of the Purposes and Procedures Manual of
the NAIC Investment Analysis Office .
Notes
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