Nev. Admin. Code § 695D.260 - Filing of periodic reports and financial statements
1.
As a condition of doing business in this State, each organization must submit
to the Commissioner an annual report required by
NRS
695D.260 that:
(a) Conforms to the format prescribed by the
National Association of Insurance Commissioners in the Annual and
Quarterly Statement Instructions for Health and the Accounting
Practices and Procedures Manual, which have been adopted by reference in NAC
679B.033;
(b) Contains exhibits and schedules that
follow the specifications developed by the National Association of Insurance
Commissioners; and
(c) Contains any
other information relating to the organization required by the
Commissioner.
2.
Information from the annual report of the organization must be filed:
(a) Pursuant to the specifications adopted by
the National Association of Insurance Commissioners for filing information in
an electronic format;
(b) At the
central office of the National Association of Insurance Commissioners, 1100
Walnut Street, Suite 1500, Kansas City, Missouri 64106-2197; and
(c) On or before March 1 of each
year.
3. If a foreign or
alien organization files a report in an electronic format with the National
Association of Insurance Commissioners, that report will be deemed to have been
filed with the Commissioner if:
(a) The
foreign or alien organization submits an affidavit, a jurat page or a copy of
the jurat page to the Commissioner indicating that the report has been so
filed. If the organization submits a jurat page, the jurat page must:
(1) Conform to the format prescribed by the
National Association of Insurance Commissioners in the Annual and
Quarterly Statement Instructions for Health, which has been adopted by
reference in NAC
679B.033; and
(2) Be executed by a notarial officer
pursuant to NRS
240.1655 and
240.167.
(b) The affidavit, jurat page or copy of the
jurat page, is accompanied by the applicable fees set forth in
NRS
680B.010.
4. An annual report required by
NRS
695D.260 to be filed with the Commissioner by
an organization must be on the current version of the Annual and
Quarterly Statement Blanks for Health adopted by the National
Association of Insurance Commissioners, which has been adopted by reference in
NAC 679B.033. Each organization shall, in preparing the report, follow the
Annual and Quarterly Statement Instructions for Health adopted
by the National Association of Insurance Commissioners, which accompanies the
Annual and Quarterly Statement Blanks for Health.
5. If necessary to determine the financial
condition of a foreign or alien organization or the fulfillment of contractual
obligations or compliance with law by a foreign or alien organization, the
Commissioner may require the foreign or alien organization to file a financial
report more frequently than annually. Such a report must be:
(a) Filed on the current form adopted by the
National Association of Insurance Commissioners for the type of organization
filing;
(b) Completed in accordance
with the instructions accompanying that form; and
(c) Filed with the National Association of
Insurance Commissioners in an electronic format.
6. Each domestic organization shall file a
quarterly report with the Commissioner. A quarterly report must be:
(a) Filed on the current form adopted by the
National Association of Insurance Commissioners for the type of organization
reporting;
(b) Completed in
accordance with the instructions accompanying that form; and
(c) Filed with the National Association of
Insurance Commissioners in an electronic format.
7. The audited financial statement of the
organization filed pursuant to subsection 3 of
NRS
695D.260 is a separate document from the
annual statement required to be filed pursuant to paragraph (a) of subsection 2
of NRS
695D.260. Each organization filing the
audited financial statement shall follow the Annual and
Quarterly Statement Instructions for Health adopted by the National
Association of Insurance Commissioners. Consolidated statements for
organizations that are members of an insurance holding company are not
acceptable.
8. The Commissioner
will, if appropriate, take disciplinary action pursuant to
NRS
695D.300 against an organization which fails
to file its annual financial reports or statements on the prescribed forms, in
the prescribed format or by the prescribed date.
9. The Commissioner may grant a reasonable
extension of time for filing the annual report or the audited financial
statement required by
NRS
695D.260 if the request for an extension is
submitted in writing and in advance and shows good cause.
10. As used in this section, "jurat page"
means a written declaration by a notarial officer that the signer of a document
signed the document in the presence of the notarial officer and swore to or
affirmed that the statements in the document are true.
Notes
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