NAC680A.050. Applicability of provisions governing domestic insurers; qualification for certificate of authority.

Latest version.

     1. To the extent applicable and not inconsistent with federal law:

     (a) The provisions of chapter 680A of NRS that govern domestic insurers, their business, capital and surplus requirements and the requirements for eligibility for a certificate of authority govern multiple employer welfare arrangements; and

     (b) A multiple employer welfare arrangement must comply with the criteria set forth in this chapter and chapter 680A of NRS to qualify for a certificate of authority.

     2. As used in this section, “multiple employer welfare arrangement” has the meaning ascribed to in 29 U.S.C. § 1002(40)(A).

(Added to NAC by Comm’r of Insurance by R087-02, eff. 9-20-2002)

                    
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