Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter616B Industrial Insurance: Insurers; Liability for Provision of Coverage |
SELF-INSURED EMPLOYERS |
NAC616B.475. Reserve Account to Protect Against Insolvency: Creation; initial assessment.
Latest version.
-
1. The Commissioner hereby establishes the Reserve Account to Protect Against the Insolvency of Self-Insured Employers.
2. As a condition of certification, each self-insured employer will be initially assessed 0.5 percent of their expected annual expenditures for claims for deposit in the Reserve Account.
[Comm’r of Insurance, PC-25 § 29, eff. 8-6-80]—(NAC A 7-2-84)—(Substituted in revision for NAC 616.196)