{"data":{"id":"us-nv/nrs-682a.382","jurisdiction":"us-nv","citation":"NRS 682A.382","heading":"Loans to officers and directors prohibited.","body":"1. Except as otherwise provided in NRS 682A.384, an insurer shall not, without the prior written approval of the Commissioner, directly or indirectly:\n(a) Make a loan to, or another investment in, an officer or director of the insurer, or a person in which the officer or director has any direct or indirect financial interest;\n(b) Make a guarantee for the benefit of, or in favor of, an officer or director of the insurer, or a person in which the officer or director has any direct or indirect financial interest; or\n(c) Enter into an agreement for the purchase or sale of property from or to an officer or director of the insurer, or a person in which the officer or director has any direct or indirect financial interest.\n2. For the purposes of this section, an officer or director shall not be deemed to have a financial interest by reason of an interest that is held directly or indirectly through the ownership of equity interests representing less than 2 percent of all outstanding equity interests issued by a person that is a party to the transaction, or solely by reason of that individual’s position as a director or officer of a person that is a party to the transaction.\n3. This section does not allow an investment that is prohibited by NRS 682A.380.\n4. This section does not apply to a transaction between an insurer and any of its subsidiaries or affiliates that is entered into in compliance with the provisions of chapter 692C of NRS, other than a transaction between an insurer and its officer or director.","path":["TITLE 57 — INSURANCE","CHAPTER 682A - INVESTMENTS","GENERAL PROVISIONS","Miscellaneous Provisions"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-682A.html#NRS682ASec382","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:46Z","sha256":"dc1abbefbfa008b6ce65dff8d14ade3a18cfce878942c0d7a5213c19273716f2","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-682a.380","next":"us-nv/nrs-682a.384"},"notice":"GroundRules: Original legal text. Not legal advice."}