NRS 695D.153: Capital account: Minimum amount; requirements.

1. Each organization for dental care which receives a certificate of authority shall maintain a capital account with a net worth of not less than $500,000 unless a lesser amount is permitted in writing by the Commissioner.

2. An organization for dental care which has been issued a certificate of authority pursuant to this chapter shall maintain a capital account with a net worth in an amount which is not less than the greater of:

(a) The amount of risk-based capital required by regulations adopted by the Commissioner pursuant to NRS 681B.550; or

(b) The following applicable amount, according to the number of members in the organization:

Number of members Net worth

Less than 2,500............................................................................................... $50,000

At least 2,500 but not more than 5,000......................................................... 75,000

More than 5,000.............................................................................................. 125,000

3. The account must not be obligated for any accrued liabilities and must consist of cash, securities or a combination thereof which is acceptable to the Commissioner.