1. The Commissioner shall review each application and notify the applicant of any
deficiency contained in the application.
2. The Commissioner shall issue a certificate of authority to an applicant if:
(a) The applicant has complied with the requirements set forth in NRS 695F.110;
(b) The persons responsible for conducting the applicant's affairs are competent,
trustworthy and possess good reputations, and have the appropriate experience, training
(c) The applicant is financially responsible and may reasonably be expected to carry
out its obligations to enrollees and prospective enrollees; and
(d) The agreements with providers for the limited health service include the provisions
required by NRS 695F.220.
3. The Commissioner may, when determining whether an applicant complies with the requirements
of paragraph (c) of subsection 2, consider:
(a) The financial soundness of the applicant's arrangements for the provision of a
limited health service and the schedule of rates, deductibles, copayments and other
charges used in connection therewith;
(b) The adequacy of working capital, any other sources of funding and any provisions
(c) Any agreement for paying the cost of a limited health service or for alternative
coverage if the prepaid limited health service organization becomes insolvent; and
(d) The applicant's manner of compliance with the requirements of NRS 695F.200.
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