Compliance with NRS 682A - Investments, which includes new defined limits for investments of domestic insurers.

BRIAN SANDOVAL Governor STATE OF NEVADA BRUCE H. BRESLOW Director [LOGO] AMY L. PARKS Acting Commissioner DEPARTMENT OF BUSINESS AND INDUSTRY DIVISION OF INSURANCE 1818 East College Pkwy., Suite 103 Carson City, Nevada 89706 (775) 687-0700 • Fax (775) 687-0787 Website: doi.nv.gov E-mail: insinfo@doi.nv.gov Bulletin 15-006 October 9, 2015 ## COMPLIANCE WITH NRS 682A – INVESTMENTS, WHICH INCLUDES NEW DEFINED LIMITS FOR INVESTMENTS OF DOMESTIC INSURERS During the 2015 Legislative Session, Chapter 682A of the Nevada Revised Statutes was substantially amended to conform to the National Association of Insurance Commissioners (“NAIC”) Investments of Insurers Model Act – Defined Limits Version (Model #280). Pursuant to Sections 43 through 320 of Senate Bill 67, enacted during the 2015 Legislative Session, effective July 1, 2015, the investments of domestic insurers are required to meet defined limits set forth in the newly promulgated statutes as percentages of total assets.¹ For those investments that are above the defined limits, the Nevada Division of Insurance (“Division”) expects compliance through divestiture either as a result of the affected investments’ maturity or the opportunity to sell such investments over time. Irrespective of the approach toward any necessary divestiture, full compliance with all requirements of Sections 43 through 320 of Senate Bill 67 is required no later than January 1, 2018. Amy L. Parks AMY L. PARKS Acting Commissioner of Insurance ¹ The full text of Senate Bill 67 can be found at http://leg.state.nv.us/Session/78th2015/Bills/SB/SB67_EN.pdf.