689C.550 - Collection of premiums; trust account for deposit of premiums. - Nevada Statutes

689C.550  Collection of premiums; trust account for deposit of premiums.  A voluntary purchasing group shall offer to collect premiums for contracts offered through the purchasing group and maintain a trust account for the deposit of premiums collected to be paid to carriers for coverage offered through the purchasing group. A voluntary purchasing group is a fiduciary with respect to any premiums so collected.

      (Added to NRS by 1995, 2681)