Nevada § 695C.215 Financial statement required to include report of net worth

Nevada Statutes

§ 695C.215 — Financial statement required to include report of net worth

Nevada § 695C.215

Title 57INSURANCE

Ch. 695CHealth

MISCELLANEOUS PROVISIONS

This text of Nevada § 695C.215 (Financial statement required to include report of net worth) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 695C.215 (2026).

Text

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 .

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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 .