June 15, 2017

Nevada Increases Bond Amount for Dental Care Organizations

What Changed for Nevada Dental Care Organizations?

A new bill was enacted in June of 2017 that increases the surety bond amount required for dental care organizations and prepaid limited health service organizations.

More specifically, the bill labeled AB 83 increases the amount of the bond required for dental care organizations and prepaid limited health service organizations from $250,000 to $500,000. The new law authorizes the Insurance Commissioner to increase the bond amount if he or she believes it is insufficient to secure against an insolvency or if the organization is in hazardous financial condition. The bond amount must be increased based on the premiums that the organizations have written or assumed.

Why Choose JW Surety Bonds?

We are the nation’s largest volume bond producer, and provide the lowest rates in the industry. It’s also crucial that you understand that you’re responsible to pay any claims filed on your bond. When you partner with our company, you will have a dedicated claim specialist assigned to your account to ensure claim payouts are either reduced or avoided all together.