NRS 682A.305: Requirements for admitted assets.

Subject to the provisions of NRS 682A.310, an insurer shall not acquire or hold an investment as an admitted asset unless at the time of acquisition the investment is:

1. Eligible for the payment or accrual of interest or a discount, whether in cash or securities, eligible to receive dividends or other distributions or is otherwise income producing; or

2. Acquired in accordance with NRS 682A.418, 682A.422, 682A.434 to 682A.442, inclusive, 682A.446 to 682A.452, inclusive, 682A.528, 682A.532, 682A.544 to 682A.552, inclusive, or 682A.554 and 682A.556 or pursuant to the authority of this title, other than this chapter.