680C.100 - Creation; use; investment. - Nevada Statutes

680C.100  Creation; use; investment.

      1.  The Fund for Insurance Administration and Enforcement is hereby created in the State Treasury as an enterprise fund.

      2.  The Fund must be used solely for the administration and enforcement of the Code and other laws and regulations enforced by the Division.

      3.  The State Treasurer shall invest the money in the Fund in the same manner and in the same securities in which he or she is authorized to invest state general funds that are in his or her custody. Income realized from the investment of the assets of the Fund must be credited to the Fund.

      (Added to NRS by 2009, 1761)