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