Nevada Revised Statutes 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:
Terms Used In Nevada Revised Statutes 695C.145
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Health maintenance organization: means any person which provides or arranges for provision of a health care service or services and is responsible for the availability and accessibility of such service or services to its enrollees, which services are paid for or on behalf of the enrollees on a periodic prepaid basis without regard to the dates health services are rendered and without regard to the extent of services actually furnished to the enrollees, except that supplementing the fixed prepayments by nominal additional payments for services in accordance with regulations adopted by the Commissioner shall not be deemed to render the arrangement not to be on a prepaid basis. See Nevada Revised Statutes 695C.030
(a) All financial reports;
(b) The accounting of investments and deposits; and
(c) Transactions between affiliates and holding companies.
2. A health maintenance organization is subject to the requirements for insurers for:
(a) Administrators, agents, brokers and solicitors, pursuant to chapter 683A of NRS;
(b) Borrowing, pursuant to NRS 693A.180;
(c) Impairment of capital, surplus or assets, pursuant to NRS 693A.260, 693A.270 and 693A.280;
(d) Management and agency contracts executed on or after January 1, 1992; and
(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.