{"data":{"id":"us-nv/nrs-682a.285","jurisdiction":"us-nv","citation":"NRS 682A.285","heading":"Exception for foreign investments.","body":"1. An investment shall not be deemed a foreign investment if the issuing person, qualified primary credit source or qualified guarantor is a domestic jurisdiction or a person domiciled in a domestic jurisdiction unless:\n(a) The issuing person is a shell business entity; and\n(b) The investment is not assumed, accepted, guaranteed or insured or otherwise backed by a domestic jurisdiction or a person, that is not a shell business entity, domiciled in a domestic jurisdiction.\n2. For the purposes of this section:\n(a) “Qualified guarantor” means a guarantor against which an insurer has a direct claim for full and timely payment, evidenced by a contractual right for which an enforcement action can be brought in a domestic jurisdiction.\n(b) “Qualified primary credit source” means the credit source to which an insurer looks for payment as to an investment and against which an insurer has a direct claim for full and timely payment, evidenced by a contractual right for which an enforcement action can be brought in a domestic jurisdiction.\n(c) “Shell business entity” means a business entity having no economic substance, except as a vehicle for owning interests in assets issued, owned or previously owned by a person domiciled in a foreign jurisdiction.","path":["TITLE 57 — INSURANCE","CHAPTER 682A - INVESTMENTS","GENERAL PROVISIONS","Provisions Relating to Certain Defined Terms"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-682A.html#NRS682ASec285","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:46Z","sha256":"37f476431ef9e60b29793e7c98cb1190d69a317aacec920fabd6aed2d124b202","source_id":"us-nv","stale":false,"prev":"us-nv/nrs-682a.275","next":"us-nv/nrs-682a.295"},"notice":"GroundRules: Original legal text. Not legal advice."}