616B.500 - Administration of plan of insurance authorized; conditions. - Nevada Statutes

616B.500  Administration of plan of insurance authorized; conditions.

      1.  An insurer may enter into a contract to have his or her plan of insurance administered by a third-party administrator.

      2.  An insurer shall not enter into a contract with any person for the administration of any part of the plan of insurance unless that person maintains an office in this State and has a certificate issued by the Commissioner pursuant to NRS 683A.08524.

      (Added to NRS by 1991, 2393; A 1993, 710; 1999, 1771, 2821, 2822)