"Trust account" means an account held by a provider that is:
1. Established in an insured bank;
2. Separate from other accounts of the provider or its designee;
3. Designated as a trust account or other account designated to indicate that the money in the account is not the money of the provider or its designee; and
4. Used to hold money of one or more individuals for disbursement to creditors of the individuals.
(Added to NRS by 2009, 1973)