Nevada Revised Statutes 616B.500 – Administration of plan of insurance authorized; conditions
Current as of: 2022 | Check for updates
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1. An insurer may enter into a contract to have his or her plan of insurance administered by a third-party administrator.
Terms Used In Nevada Revised Statutes 616B.500
- Contract: A legal written agreement that becomes binding when signed.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
2. An insurer shall not enter into a contract with any person for the administration of any part of the plan of insurance unless that person maintains an office in this State and has a certificate issued by the Commissioner pursuant to NRS 683A.08524.