Nev. Rev. Stat. § 682A.097

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 682A.097 - "Hedging transaction" defined

"Hedging transaction" means a derivative transaction which is entered into and maintained to reduce:

1. The risk of a change in the value, yield, price, cash flow or quantity of assets or liabilities which the insurer has acquired or incurred or anticipates acquiring or incurring; or
2. The currency exchange rate risk or the degree of exposure as to assets or liabilities which an insurer has acquired or incurred or anticipates acquiring or incurring.

NRS 682A.097

Added to NRS by 2015, 3420
Added by 2015, Ch. 522,§80, eff. 7/1/2015.