§ 695H.150 — Records: Maintenance, retention and storage

Nevada § 695H.150

• Jurisdiction: Nevada
• Title 57: INSURANCE
• Ch. 695H: Medical

Text

1. A medical discount plan must maintain records of the transactions governed by this chapter. The records must include:
(a) A copy of each type of contract that the medical discount plan issues, sells or offers for sale;
(b) The name and address of each member of the medical discount plan;
(c) A copy of each contract that the medical discount plan enters into with providers of health care for purposes of providing members with health care or medical services at a discount; and
(d) A copy of the annual certification of net worth and supporting documentation.
2. Except as otherwise provided in this subsection, each medical discount plan must retain all records for at least 7 years. A medical discount plan which intends to discontinue doing business in this State must provide the Commissioner with satisfactory proof that it has discharged its duties to the members in this State and must not destroy its records without the prior approval of the Commissioner.
3. The records required to be maintained pursuant to this section may be stored on a computer disc or other storage device for a computer from which the records may be readily printed.

Legislative History

(Added to NRS by 2005, 2104 )