US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Home » US Law » 2022 Nevada Revised Statutes » TITLE 57—INSURANCE » Chapter 692C - Holding Companies » FORMATION AND ACQUISITION OF SUBSIDIARIES; MERGERS » NRS 692C.170 – Cessation of control: Disposal of investment required; exception.

If an insurer ceases to control a subsidiary, it shall dispose of any investment therein made pursuant to NRS 692C.140 within 3 years from the time of the cessation of control or within such further time as the Commissioner may prescribe, unless any such investment shall have met the requirements for investment under any other section of this chapter, and the insurer has notified the Commissioner thereof.

(Added to NRS by 1973, 1040)