NAC679B.551. Payment of less than fair market value for services or products: Failure to comply with filing requirements.

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In addition to any other disciplinary action which may be taken by the Commissioner, the Commissioner will fine a health insurer which pays less than fair market value for services or products in a transaction which is subject to the provisions of paragraph (i) of subsection 2 of NRS 680A.320 and fails to or incompletely files the:

1. Certification that the reduced payment has been reflected in the form of reduced premiums; and

2. Documentation supporting the certification,

Ê which are required by NAC 679B.541, $100 per day until the filing is made or completed, but not to exceed a total of $2,000.

(Added to NAC by Comm’r of Insurance, eff. 1-20-88; A 10-29-92)

                    
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