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

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

      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)