NRS695F.200. Maintenance of capital account and surety.

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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)

                    
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