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.

Nevada Dental Care Service Bond

 

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.

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If you’re ready to get a surety bond for this newly increased bond requirement, you can simply apply online.

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Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.

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