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Current as of January 01, 2025 | Updated by Findlaw Staff
1. Each organization for dental care which receives a certificate of authority shall maintain a capital account with a net worth of not less than $500,000 unless a lesser amount is permitted in writing by the Commissioner.
2. An organization for dental care which has been issued a certificate of authority pursuant to this chapter shall maintain a capital account with a net worth in an amount which is not less than the greater of:
(a) The amount of risk-based capital required by regulations adopted by the Commissioner pursuant to NRS 681B.550; or
(b) The following applicable amount, according to the number of members in the organization:
Number of members Net worth
Less than 2,500 $50,000
At least 2,500 but not more than 5,000 75,000
More than 5,000 125,000
3. The account must not be obligated for any accrued liabilities and must consist of cash, securities or a combination thereof which is acceptable to the Commissioner.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 695D.153. Capital account: Minimum amount; requirements - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-695d-153/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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