1. Each organization for dental care which receives a certificate of authority shall maintain a capital account with a net worth of not less than $500,000 unless a lesser amount is permitted in writing by the Commissioner.
2. An organization for dental care which has been issued a certificate of authority pursuant to this chapter shall maintain a capital account with a net worth in an amount which is not less than the greater of:
(a) The amount of risk-based capital required by regulations adopted by the Commissioner pursuant to NRS 681B.550; or
(b) The following applicable amount, according to the number of members in the organization:
Number of members Net worth
Less than 2,500.................................................................................................. $50,000
At least 2,500 but not more than 5,000............................................................. 75,000
More than 5,000................................................................................................. 125,000
3. The account must not be obligated for any accrued liabilities and must consist of cash, securities or a combination thereof which is acceptable to the Commissioner.
(Added to NRS by 2017, 2397; A 2019, 1720)
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