690B.140 - Investments in tangible personal property: Limitation. - Nevada Statutes

690B.140  Investments in tangible personal property: Limitation.  An insurer who issues policies of insurance for home protection, other than casualty insurance, may make investments in tangible personal property for use in fulfilling its obligations to repair or replace components, systems or appliances of the home under its contracts of insurance for home protection, in an amount not to exceed 35 percent of its assets, as determined pursuant to NRS 681B.010, unless the Commissioner, whenever the Commissioner deems it appropriate, waives this limitation by regulation.

      (Added to NRS by 1981, 1322; A 1999, 1448)