Section 449.204 - System of financial accounting; insurance1. A residential facility shall: (a) Maintain a recognized system of financial accounting; and(b) Maintain a contract of insurance for protection against liability to third persons in amounts appropriate for the protection of residents, employees, volunteers and visitors to the facility.2. A certificate of insurance must be furnished to the Division as evidence that the contract required by subsection 1 is in force, and a license must not be issued until that certificate is furnished. Each contract of insurance must contain an endorsement providing for a notice of 30 days to the Bureau before the effective date of a cancellation or nonrenewal of the policy.Nev. Admin. Code § 449.204
Bd. of Health, Group Care Facilities §§ 5.1-5.4, eff. 12-18-75-NAC A 3-6-86; R003-97, 10-30-97; R073-03, 1-22-2004