Nevada Administrative Code
Chapter 695B - Nonprofit Corporations for Hospital, Medical and Dental Service
CONDITION AND AFFAIRS
Section 695B.300 - Maintenance of reserve fund
Universal Citation: NV Admin Code 695B.300
Current through December 12, 2024
All reserves maintained by a nonprofit corporation pursuant to NRS 695B.140:
1. Must be deposited in a trust account in a federally insured financial institution located in this State. All income earned by the account belongs to the nonprofit corporation and may be credited and paid to the nonprofit corporation and used for its operations.
2. Are in addition to those reserves established by the nonprofit corporation according to good business and accounting practices for incurred but not reported claims and other similar claims.
Added to NAC by Comm'r of Insurance by R247-03, eff. 11-12-2004
NRS 679B.130, 695B.140
Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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