NAC287.389. Duties of Program: Accounting for and remittance of payments; monthly reports.

     1. The Program shall:

     (a) Account for all payments for premiums or contributions for participants in opt-out plans that are actually received each month by the Program pursuant to NAC 287.385; and

     (b) Remit all such payments monthly to the applicable opt-out plan less the amount of the monthly administrative fee charged to the opt-out plan by the Program pursuant to NAC 287.387.

     2. The Program shall provide a monthly report to each opt-out plan, which includes, without limitation, for that month:

     (a) The details of the payments for premiums or contributions for participants in the opt-out plan; and

     (b) The calculation of the administrative fee.

     (Added to NAC by Bd. of Pub. Employees’ Benefits Prog. by R097-03, eff. 9-24-2003)