NAC616B.475. Reserve Account to Protect Against Insolvency: Creation; initial assessment.  


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  •      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)