Review of application; issuance of certificate.
Nev. Rev. Stat. § 695F.120
in effect1. The Commissioner shall review each application and notify the applicant of any deficiency contained in the application.
2. The Commissioner shall issue a certificate of authority to an applicant if:
(a) The applicant has complied with the requirements set forth in NRS 695F.110 ;
(b) The persons responsible for conducting the applicants affairs are competent, trustworthy and possess good reputations, and have the appropriate experience, training or education;
(c) The applicant is financially responsible and may reasonably be expected to carry out its obligations to enrollees and prospective enrollees; and
(d) The agreements with providers for the limited health service include the provisions required by NRS 695F.220 .
3. The Commissioner may, when determining whether an applicant complies with the requirements of paragraph (c) of subsection 2, consider:
(a) The financial soundness of the applicants arrangements for the provision of a limited health service and the schedule of rates, deductibles, copayments and other charges used in connection therewith;
(b) The adequacy of working capital, any other sources of funding and any provisions for contingencies;
(c) Any agreement for paying the cost of a limited health service or for alternative coverage if the prepaid limited health service organization becomes insolvent; and
(d) The applicants manner of compliance with the requirements of NRS 695F.200 .
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-695F.htmlFetched: 10/4/2026