Subject to the limitations of NRS 682A.402, 682A.404 and 682A.406, an insurer may acquire equity interests in business entities organized in accordance with the laws of any domestic jurisdiction.

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Terms Used In Nevada Revised Statutes 682A.412

  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.