Associations administrator prohibited from financial interest in third-party administrator; third-party administrator prohibited from financial interest in associations administrator; contractual requirement.
Nev. Rev. Stat. § 616B.371
in effect1. An associations administrator employed by an association of self-insured public or private employers, or an employee, officer or director of an associations administrator, may not be an employee, officer or director of a third-party administrator employed by the association or have a direct or indirect financial interest in the third-party administrator of the association.
2. The third-party administrator of an association of self-insured public or private employers, or an employee, officer or director of the third-party administrator, may not be an employee, officer or director of an associations administrator employed by the association or have a direct or indirect financial interest in that associations administrator.
3. Any contract entered into by an association of self-insured public or private employers and a third-party administrator must include a provision which states that, unless the Commissioner otherwise provides, the third-party administrator shall administer any claim or other obligation of the association to its conclusion during the period of the contract.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-616B.htmlFetched: 10/4/2026