NAC616B.7761. Expected annual expenditures for claims of association: Calculation; estimation; annual report.

     1. Except as otherwise provided in subsection 2, to calculate the expected annual expenditures for claims of an association, the Division shall:

     (a) Calculate the annual expenditures for claims of the association for each of the immediately preceding 3 calendar years pursuant to NAC 616B.7764; and

     (b) Average the annual expenditures for claims of the association for those 3 calendar years.

     2. If an association does not provide the Division with its annual expenditures for claims when requested, the Division shall, in lieu of calculating the expected annual expenditures for claims of the association pursuant to subsection 1, estimate the annual expenditures for claims of the association using the previous history of annual expenditures for claims of the association and any other available data, including, without limitation, the annual expenditures for claims of each public or private employer who is a member of the association.

     3. The Division shall provide to each association an annual report showing the figures and sources that were used by the Division to:

     (a) Calculate the expected annual expenditures for claims of the association pursuant to subsection 1; or

     (b) Estimate the annual expenditures for claims of the association pursuant to subsection 2.

     (Added to NAC by Bd. for Admin. of Subsequent Injury Fund for Ass’ns of Self-Insured Pub. or Private Employers by R216-97, eff. 8-19-99)