NRS689C.550. Collection of premiums; trust account for deposit of premiums.

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A voluntary purchasing group shall offer to collect premiums for contracts offered through the purchasing group and maintain a trust account for the deposit of premiums collected to be paid to carriers for coverage offered through the purchasing group. A voluntary purchasing group is a fiduciary with respect to any premiums so collected.

(Added to NRS by 1995, 2681)

                    
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