sued; policy not to be offered unless summary approved by Commissioner. An organization for dental care shall provide to the group policyholder to whom it offers a plan for dental care a copy of the disclosure approved for that plan pursuant to NRS 695D.102 before the policy is issued. An organization for dental care shall not offer a plan for dental care unless the disclosure for that plan has been approved by the Commissioner. (Added to NRS by 1989, 1254) NRS 695D.110 Certificate of authority: Required for plan for dental care. No person may establish or operate a plan for dental care, act as an administrator of such a plan or sell or offer to sell such a plan without first obtaining a certificate of authority from the Commissioner. (Added to NRS by 1983, 2022) NRS 695D.120 Certificate of authority: Application. Each application for a certificate of authority must be filed with the Commissioner on a form prescribed by him, must be verified by an officer or authorized representative of the organization for dental care and must include: 1. A copy of any organizational document for the organization and all amendments to that document. 2. A copy of any bylaws, rules or regulations governing the internal affairs of the organization. 3. A list of the names, addresses and official positions of the persons responsible for operating the organization, including the members of the board of directors, board of trustees, executive committee, principal officers or partners. 4. A copy of the contracts made or proposed to be made between the applicant and those persons listed in subsection 3 and the dentists. 5. A statement describing the applicant’s plan for dental care, its facilities and personnel. 6. A copy of the policy to be issued to its members. 7. A copy of any contract for groups to be issued to employers, unions, trustees or other organizations. 8. Certified financial statements showing the applicant’s assets, liabilities and sources of support. A copy of the applicant’s most recent certified financial statement satisfies this requirement unless the Commissioner requests additional information from the applicant. 9. A description of the method to be used to market the plan for dental care, including a financial statement, a projection for the initial 5 years of operation of the plan and a statement of the sources of capital for the organization. 10. A power of attorney executed by the applicant or its officers, which appoints the Commissioner as the attorney for the applicant upon whom service of process may be made in this State. 11. A statement describing the geographic area or areas to be served by the applicant. 12. A statement indicating that all the dentists for the plan are licensed pursuant to chapter 631 of NRS. 13. Any other information requested by the Commissioner. (Added to NRS by 1983, 2022) NRS 695D.130 Certificate of authority: Issuance. The Commissioner shall issue a certificate of authority to an organization for dental care after the organization has paid an application fee of $2,450 and the Commissioner is satisfied that: 1. The persons responsible for operating the organization are competent, trustworthy, have not been convicted of a felony and have good reputations. 2. The plan for dental care includes care which is appropriate for the plan and the plan is appropriate for providing that care. 3. The organization is financially responsible and may reasonably be expected to meet its obligations to its members. To determine financial responsibility the Commissioner may consider: (a) The organization’s arrangements for dental care and the schedule of charges to be used; (b) The agreements with an insurer, government or any other organizations for ensuring payment for the dental care; (c) Any provisions for alternative coverage if the plan for dental care is discontinued; and (d) The agreements with the dentists providing dental care to the organization’s members. 4. The appropriate deposits or bonds have been filed with the Commissioner by the organization and its officers. (Added to NRS by 1983, 2023; A 1991, 1634) NRS 695D.140 Certificate of authority: Notice of change of information; application for amendment; fee; approval. 1. Except as otherwise provided in subsection 2, every organization issued a certificate of authority by the Commissioner shall notify him of any change in the information provided to obtain its certificate of authority within 10 days after the change. 2. Every such organization that wishes to make a change in the geographic areas which it serves, or to make any other material modification of the operations described in the information required by NRS 695D.120, shall file with the Commissioner an application for the amendment of the certificate of authority and pay to him an application fee of $100. If the Commissioner does not disapprove the application within 30 days after filing, it shall be deemed approved. (Added to NRS by 1983, 2023; A 1991, 2205) NRS 695D.150 Certificate of authority: Expiration; renewal; fee for renewal. A certificate of authority expires at midnight on March 1 following the date it was issued or previously renewed. The Commissioner shall renew the certificate of any organization for dental care which: 1. Continues to comply with the provisions of this chapter; and 2. Pays the fee for renewal of $2,450. (Added to NRS by 1983, 2023; A 1987, 470; 1991, 1635; 1993, 614) NRS 695D.160 Composition of board of directors for organization for dental care. If an organization for dental care is a corporation, its board of directors must include: 1. Dentists who have contracted with the organization to provide dental care to its members; and 2. Members of the plan for dental care, who must comprise at least one-third of the membership of the board by the end of its first year of operation. (Added to NRS by 1983, 2023) NRS 695D.170 Bond required; lien and payment on bond. 1. Before a certificate of authority may be issued to an organization for dental care: (a) The officers responsible for operating the organization must file with the Commissioner a collective fidelity bond for $1,000,000; and (b) The organization must file with the Commissioner a surety bond in the sum of $250,000 or deposit with the Commissioner cash or securities acceptable to the Commissioner in the sum of $250,000, to guarantee the organization’s performance pursuant to this chapter. 2. If the bond is furnished in: (a) Cash, the Commissioner shall deposit the money in the State Treasury for credit to the Fund for Bonds of Organizations for Dental Care which is hereby created as a trust fund. (b) Negotiable securities, the principal must be placed without restriction at the disposal of the Commissioner, but any income must inure to the benefit of the organization. 3. The Commissioner may reduce the organization’s bond or deposit: (a) To $125,000, if the obligations assumed by the organization under the plan can be satisfied for less than $125,000. (b) To any amount if the organization demonstrates that it has commitments of money from federal, state or municipal governments or their political subdivisions or other comparable resources which are sufficient to ensure the ability of the organization to satisfy its obligations. 4. Any final judgment against the organization which is unpaid is a lien on the bond or deposit and is subject to execution 30 days after entry of the judgment. Any bond or deposit which is reduced by this lien must be increased by the organization to the amount required by this section within 90 days after the judgment is paid. 5. If an organization is dissolved, liquidated or otherwise termi

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