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2019 Nevada Revised Statutes
Chapter 682A - Investments
NRS 682A.562 - Derivative transactions: Limitations on hedging transactions.
Universal Citation: NV Rev Stat § 682A.562 (2019)
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)
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