Nev. Admin. Code § 695D.160 - Powers of organization; approval by Commissioner
1. Subject
to the approval of the Commissioner as provided in subsections 2 and 3, the
powers of an organization include the power to:
(a) Purchase, lease, construct, renovate,
operate or maintain any dental facility, ancillary equipment or other property
reasonably required for its principal office or any other purpose related to
the business of the organization.
(b) Make any loan in furtherance of its
program to provide services to its members:
(1) To a dental group under contract with the
organization; or
(2) To a
corporation under its control.
(c) Furnish services through providers under
contract with the organization or employed by it.
(d) Contract with any person for the
performance of services related to marketing, enrollment and
administration.
(e) Contract with
any insurance company that is licensed in this State or is authorized to do
business in this State for the provision of insurance for, indemnity against,
or reimbursement of the cost of services provided by the
organization.
2. The
exercise of any power specified in subsection 1 must be approved in advance by
the Commissioner. A written request to exercise any such power must be
submitted to the Commissioner, accompanied by such supporting information as
the Commissioner deems necessary to review the request. The Commissioner may
deny the request if he or she determines that the exercise of the power would:
(a) Have a substantial adverse effect upon
the financial soundness of the organization; and
(b) Impair the ability of the organization to
meet its obligations.
3.
If the Commissioner does not deny a request within 60 days after it is
submitted, it shall be deemed approved.
Notes
NRS 679B.130, 695D.100
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