Title 57

NRS 689C.460 Carrier to offer same coverage to all eligible employees; denial of coverage to otherwise eligible employee. 1. If a carrier offers a contract to a voluntary purchasing group, the carrier shall offer the same coverage to all of the eligible employees of the small emp…

NRS 689C.470 Renewal of contract; discontinuance of product or issuance or renewal of plan offered only through bona fide association. 1. Except as otherwise provided in NRS 689C.360 to 689C.600, inclusive, a carrier shall renew a contract as to all insured small employers that a…

NRS 689C.480 Required notification when carrier ceases to renew all contracts; restrictions on carrier that ceases to renew all contracts. 1. A carrier may cease to renew all contracts covering voluntary purchasing groups and discontinue issuing and delivering for issuance any su…

NRS 689C.490 Formation of voluntary purchasing group by small employers; requirements when affiliate of group ceases to qualify as small employer. 1. A small employer may, in accordance with the provisions of NRS 689C.490 to 689C.600, inclusive, choose to affiliate voluntarily wi…

NRS 689C.500 Registration: Requirements; application. 1. An organization seeking to be registered as a voluntary purchasing group: (a) Must be incorporated as a Nevada corporation not for profit for the purpose of securing health benefits for its members and their eligible employ…

NRS 689C.510 Registration: Fee for application; response to application; regulations. 1. The application must be accompanied by a fee in an amount to be established by the Commissioner by regulation to cover the direct costs of examining the qualifications of an applicant. 2. The…

NRS 689C.520 Registration: Additional requirements. 1. Before the issuance of a certificate of registration, each voluntary purchasing group shall, to the satisfaction of the Commissioner: (a) Establish the conditions of membership in the group and require as a condition of membe…

NRS 689C.530 Filing reports; annual renewal fee; regulations. A voluntary purchasing group shall: 1. File any reports required by the Commissioner; and 2. Pay a renewal fee established by the Commissioner by regulation to recover the direct costs to the Division to determine annu…

NRS 689C.540 Duties. A voluntary purchasing group shall: 1. Establish administrative and accounting procedures for the operation of the group and the provision of services to members, prepare an annual budget and annual operational fiscal reports; 2. Provide for internal and inde…

NRS 689C.550 Collection of premiums; trust account for deposit of premiums. A voluntary purchasing group shall offer to collect premiums for contracts offered through the purchasing group and maintain a trust account for the deposit of premiums collected to be paid to carriers fo…

NRS 689C.560 Regulations governing bond or other security to be maintained by voluntary purchasing group. A voluntary purchasing group shall post a bond for the benefit of members of the group and their eligible employees and dependents, or deposit a certificate of deposit or sec…

NRS 689C.570 Organizer prohibited from acquiring financial interest in group’s business for specified period. No person who organizes a voluntary purchasing group may acquire or attempt to acquire a financial interest in the group’s business for a period of 3 years after organiza…

NRS 689C.580 Prohibited acts. A voluntary purchasing group shall not perform any activity included in the definition of transacting insurance in this state as defined in NRS 679A.130, perform any activity for which it is subject to regulation pursuant to NRS 685B.120 or establish…

NRS 689C.590 Disciplinary or other action for violation of provisions. The Commissioner may deny, revoke or suspend a certificate of registration of any voluntary purchasing group found to be in violation of NRS 689C.490 to 689C.600, inclusive. (Added to NRS by 1995, 2681)

NRS 689C.600 Regulations. The Commissioner shall adopt such regulations as are needed to carry out the requirements of NRS 689C.490 to 689C.600, inclusive. (Added to NRS by 1995, 2681) MISCELLANEOUS HEALTH BENEFIT PLANS

NRS 689C.940 Regulations concerning determination of status of stop-loss policy. The Commissioner may, by regulation, prescribe standards for determining whether a policy issued as a stop-loss policy is a health benefit plan for the purposes of this chapter. (Added to NRS by 1997…