Section 616B.609 - Audited statement of financial condition of association; exhibits and schedulesThe audited statement of the financial condition of an association required by NRS 616B.404 must be:
1. Prepared in accordance with generally accepted accounting principles of the United States, stated in United States dollars, and must contain the footnotes and opinions of the independent certified public accountant who prepared it.2. Accompanied by a statement, prepared by the independent certified public accountant who prepared the audited statement, certifying that the combined tangible net worth of all members of the association satisfies the requirements of NRS 616B.353 and that all members meet the financial requirements for membership that are established by law, the bylaws of the association or the underwriting plan of the association.Nev. Admin. Code § 616B.609
Added to NAC by Comm'r of Insurance, eff. 3-22-96; A by R112-04, 8-25-2004; R031-12, 9-14-2012; A by R095-17AP, eff. 2/27/2018NRS 616B.404, 616B.446 and 679B.130