Nev. Rev. Stat. § 689C.550

Collection of premiums; trust account for deposit of premiums.

Last amended: 1995Year: 2026Length: 59 wordsOfficial source
A voluntary purchasing group shall offer to collect premiums for contracts offered through the purchasing group and maintain a trust account for the deposit of premiums collected to be paid to carriers for coverage offered through the purchasing group. A voluntary purchasing group is a fiduciary with respect to any premiums so collected. (Added to NRS by 1995, 2681)
Nev. Rev. Stat. § 689C.550: Collection of premiums; trust account for deposit of premiums. | Justis AI