Nev. Admin. Code § 695D.240 - Reserves maintained by organization
All reserves maintained by an organization pursuant to NRS 695D.250:
1. Must be deposited in a trust account in a
federally insured financial institution located in this State. All income
earned by the account belongs to the organization and may be credited and paid
to the organization and used for its operations.
2. Are in addition to those reserves
established by the organization according to good business and accounting
practices to cover claims that have been incurred but not reported and other
similar claims.
Notes
NRS 679B.130, 695D.100, 695D.250
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