NAC Chapter 682A — Insurance: Investments

NAC 682A.100 Adoption by reference of Purposes and Procedures Manual of the NAIC Investment Analysis Office.

The Purposes and Procedures Manual of the NAIC Investment Analysis Office is hereby adopted by reference. A copy of the publication may be obtained from the National Association of Insurance Commissioners, Publications Department, 1100 Walnut Street, Suite 1500, Kansas City, Missouri 64106-2197, or by telephone at (816) 783-8300, or by electronic mail at [email protected], or at the Internet address www.naic.org/account_manager.htm , for the price of $83.

History

• Authority: NRS 679B.130
• (Added to NAC by Comm’r of Insurance by R245-03, eff. 7-26-2004; A by R172-08, 2-11-2009; R089-17, 5-16-2018)

NAC 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 .

History

• Authority: NRS 679B.130
• (Added to NAC by Comm’r of Insurance by R245-03, eff. 7-26-2004; A by R172-08, 2-11-2009; R089-17, 5-16-2018)