695C.150 - Fiduciary responsibilities. - Nevada Statutes

695C.150  Fiduciary responsibilities.  Any director, officer, partner, member or employee of a health maintenance organization who receives, collects, disburses or invests funds in connection with the activities of such organization shall be responsible for such funds in a fiduciary relationship to the enrollees.

      (Added to NRS by 1973, 1250)

      NRS 695C.160  Investments.  With the exception of investments made in accordance with subsections 1 and 2 of NRS 695C.120 and NRS 695C.130, the investable funds of a health maintenance organization shall be invested only in securities or other investments permitted by the laws of this state for the investment of assets constituting the legal reserves of life insurance companies or such other securities or investments as the Commissioner may permit.

      (Added to NRS by 1973, 1253)