Statute 695c 215

A health maintenance organization which has been issued a certificate of authority pursuant to this chapter shall maintain and report on each financial statement filed with the Commissioner pursuant to NRS 695C.210 a net worth in an amount which is not less than the greatest of: 1. One million five hundred thousand dollars; 2. Two percent of the first $150,000,000 earned as revenue from premiums collected in the preceding 12-month period, plus 1 percent of the amount in excess of $150,000,000 earned as revenue from premiums collected in that same period; or 3. The amount of risk-based capital required by regulations adopted by the Commissioner pursuant to NRS 681B.550. (Added to NRS by 2019, 1717)