1. 1. The Director of the Authority shall, subject to the approval of the Governor, appoint an Executive Director of the Exchange.

2. 2. The Executive Director:

   1. (a) Is in the unclassified service of the State;
   2. (b) Serves at the pleasure of the Director of the Authority;
   3. (c) Must have experience in the administration of health care or health insurance; and
   4. (d) Is responsible for the administrative matters of the Board and the operations and management of the Exchange, subject to the supervision of the Director of the Authority or the designee of the Director.

3. 3. Subject to the limits of available funding and the approval of the Director of the Authority, the Executive Director may:

   1. (a) In accordance with chapter 284 of NRS, appoint and remove such employees of the Exchange as are necessary for the administration of the Exchange; and
   2. (b) Contract for the services of such legal, professional, technical and operational personnel and consultants as the execution of his or her duties and powers may require.
4. 4. Employees of the Exchange appointed pursuant to subsection 3 are in either the classified or unclassified service of the State, in accordance with the historical manner of categorization.

5. 5. The Executive Director shall:

   1. (a) On or before June 30 and December 31 of each year, compile and submit to the Board a written report concerning the finances and operations of the Exchange which includes, without limitation, any recommendations concerning the Exchange;
   2. (b) Upon the approval of the Board, submit the report described in paragraph (a) to the Governor and the Legislature;
   3. (c) Provide for an annual audit of the functions and operations of the Exchange; and
   4. (d) If the Federal Act is repealed or held unconstitutional or otherwise invalid or unlawful, define by regulation “qualified health plan” for the purposes of this chapter.

(Added to NRS by 2011, 2648; A 2019, 1020; 2025, 3771)