692C.170 - Cessation of control: Disposal of investment required; exception. - Nevada Statutes

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Statutes > Nevada > Title-57 > Chapter-692c > Formation-and-acquisition-of-subsidiaries-mergers > 692c-170

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)

State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-692c > Formation-and-acquisition-of-subsidiaries-mergers > 692c-170

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)

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State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-692c > Formation-and-acquisition-of-subsidiaries-mergers > 692c-170

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)