Nevada § 616B.371 - Association's administrator prohibited from financial interest in third-party administrator; third-party administrator prohibited from financial interest in association's administrator; contractual requirement
Full text of Nevada Nevada Revised Statutes § 616B.371 — Association's administrator prohibited from financial interest in third-party administrator; third-party administrator prohibited from financial interest in association's administrator; contractual requirement, with citation guidance and answers to common questions.
§ 616B.371. Association's administrator prohibited from financial interest in third-party administrator; third-party administrator prohibited from financial interest in association's administrator; contractual requirement
1. An association's administrator employed by an association of self-insured public
or private employers, or an employee, officer or director of an association's 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 association's administrator employed
by the association or have a direct or indirect financial interest in that association's
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: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 616B.371
What does Nevada Revised Statutes § 616B.371 cover?
Section 616B.371 ("Association's administrator prohibited from financial interest in third-party administrator; third-party administrator prohibited from financial interest in association's administrator; contractual requirement") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 616B.371?
A common citation format is "Nevada Revised Statutes § 616B.371" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 616B.371 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.