695F.200 - Maintenance of capital account and surety.
695F.200 Maintenance of capital account and surety. Each prepaid limited health service organization which receives a certificate of authority shall maintain a:
1. Capital account with a net worth of not less than $200,000 unless a lesser amount is permitted in writing by the Commissioner. The account must not be obligated for any accrued liabilities and must consist of cash, securities or a combination thereof which is acceptable to the Commissioner.
2. Surety bond or deposit of cash or securities for the protection of enrollees of not less than $250,000.
(Added to NRS by 1991, 1118)