1. A health maintenance organization shall use accounting principles that are recognized by the laws of this state or approved by the Commissioner for: (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. (Added to NRS by 1991, 2036)
Nevada Legal Code