Nev. Rev. Stat. § 695C.145

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 695C.145 - Accounting principles required for certain reports and transactions; health maintenance organization subject to requirements for certain insurers

1. A health maintenance organization shall use accounting principles that are recognized by the laws of this state or approved by the Commissioner for:

(a) All financial reports;

(b) The accounting of investments and deposits; and

(c) Transactions between affiliates and holding companies.

2. A health maintenance organization is subject to the requirements for insurers for:

(a) Administrators, agents, brokers and solicitors, pursuant to chapter 683A of NRS;

(b) Borrowing, pursuant to 693A.180;

(c) Impairment of capital, surplus or assets, pursuant to NRS 693A.260, 693A.270 and 693A.280;

(d) Management and agency contracts executed on or after January 1, 1992; and

(e) Officers, pursuant to 693A.120 and 693A.130.

3. A domestic health maintenance organization is subject to the requirements for insurers for corporations pursuant to NRS 693A.040 to 693A.070, inclusive.

NRS 695C.145

Added to NRS by 1991, 2036