Nev. Rev. Stat. § 689C.550
Collection of premiums; trust account for deposit of premiums
Nevada · Nevada Revised Statutes Chapter 689C — Health Insurance for Small Employers · Status: effective
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- Citation
- Nev. Rev. Stat. § 689C.550, Collection of premiums; trust account for deposit of premiums, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2147991
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Full text
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 for coverage offered through the purchasing group. A voluntary purchasing group is a fiduciary with respect to any premiums so collected.