Nev. Admin. Code § 695D.280 - Determination of financial condition: Assets not considered

The Division will not consider the following assets owned by an organization in determining its financial condition:

1. Any goodwill, trade name or similar intangible.
2. Any advance to an officer of the organization, whether secured or unsecured, and any advance made on personal security only.
3. Stock of the organization, owned by the organization, or any equity therein or loans secured thereby, or any proportionate interest in stock acquired or held through the ownership by the organization in another firm, corporation or business.
4. Except as otherwise provided in NAC 695D.270, any furniture, fixture, furnishing, safe, vehicle, library, stationery, literature or supplies.
5. The amount, if any, by which the aggregate book value of investments carried in the ledger assets of the organization exceeds the aggregate value thereof.


Nev. Admin. Code § 695D.280
Added to NAC by Comm'r of Insurance, eff. 12-2-88; A 5-27-92

NRS 679B.130, 695D.100

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