689C.540 - Duties. - Nevada Statutes

689C.540  Duties.  A voluntary purchasing group shall:

      1.  Establish administrative and accounting procedures for the operation of the group and the provision of services to members, prepare an annual budget and annual operational fiscal reports;

      2.  Provide for internal and independent audits; and

      3.  Maintain all records, reports and other information of the group and may contract with qualified third-party administrators, licensed insurance agents or brokers as needed.

      (Added to NRS by 1995, 2681)