Nev. Rev. Stat. § 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:
1. (a) All financial reports;
2. (b) The accounting of investments and deposits; and
3. (c) Transactions between affiliates and holding companies.
2. A health maintenance organization is subject to the requirements for insurers for:
1. (a) Administrators, agents, brokers and solicitors, pursuant to chapter 683A of NRS;
2. (b) Borrowing, pursuant to NRS 693A.180;
3. (c) Impairment of capital, surplus or assets, pursuant to NRS 693A.260, 693A.270 and 693A.280;
4. (d) Management and agency contracts executed on or after January 1, 1992; and
5. (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)