NAC689C.260. Prior notification of desire to change status as risk-assuming or reinsuring carrier.

Latest version.

1. If a carrier serving small employers wishes to change its election to operate as a risk-assuming or reinsuring carrier pursuant to NRS 689C.283 at the end of the current period of election, the carrier must notify the Commissioner not later than 30 days before the expiration of the current period of election.

2. If no such notice is provided, the carrier shall be deemed to have elected to operate with the same status for the next period of election.

(Added to NAC by Comm’r of Insurance by R009-02, eff. 5-23-2002; A by R009-02, 7-11-2002)

                    
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