Collection of premiums; trust account for deposit of premiums.

Nev. Rev. Stat. § 689C.550
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-689C.htmlFetched: 10/4/2026

Starting a business in Nevada? Nevada LLC guide: costs and requirements