Nev. Rev. Stat. § 695C.130
Notice and approval required for exercise of powers; rules or regulations
Nevada · Nevada Revised Statutes Chapter 695C — Health Maintenance Organizations · Status: effective
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- Citation
- Nev. Rev. Stat. § 695C.130, Notice and approval required for exercise of powers; rules or regulations, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2149958
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Full text
1. A health maintenance organization shall file notice, with adequate supporting information, with the Commissioner prior to the exercise of any power granted in subsections 1 and 2 of NRS 695C.120. The Commissioner shall disapprove such exercise of power if in the opinion of the Commissioner it would substantially and adversely affect the financial soundness of the health maintenance organization and endanger its ability to meet its obligations. If the Commissioner does not disapprove within 60 days of the filing, it is deemed approved.
2. The Commissioner may promulgate rules or regulations.