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

NV Rev Stat § 695C.145 (2019) (N/A)
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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 NRS 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 NRS 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.

(Added to NRS by 1991, 2036)

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