NAC616B.558. Administration of program of self-insurance by association.

     1. An association shall at all times maintain adequate resources for the administration of its program of self-insurance. After the program is established, the adequacy of the association’s resources and standards of performance for the program will be evaluated by the Commissioner and the Administrator, or a representative of either of them, on the basis of:

     (a) The association’s promptness in filing reports of accidents and occupational disease;

     (b) The association’s promptness in making first payments in cases of uncontested claims;

     (c) The percentage of contested claims;

     (d) The number of injured employees who are reemployed or rehabilitated; and

     (e) The delay between the termination of compensation for temporary disabilities and the payment of compensation for permanent partial disabilities.

     2. For the purposes of NAC 616B.510 to 616B.612, inclusive, and NRS 616D.120, the acts and omissions of a third-party administrator or an association’s administrator, including, without limitation, any violations or failures to comply with chapters 616A to 618, inclusive, of NRS, shall be deemed to be the acts or omissions of the association.

     3. An association shall inform the Commissioner and the Administrator, or a representative of either of them, of the name, title and business address of its third-party administrator and association’s administrator and the location of any records that the association is required by law to maintain. Before any change is made in the name, title or address of a third-party administrator or an association’s administrator or any change is made in the location of records, the intended change must be reported in writing to the Commissioner and the Administrator or a designated agent thereof.

     4. An association shall not administer a program of self-insurance from a location outside this State.

     (Added to NAC by Comm’r of Insurance, eff. 3-22-96; A by Div. of Industrial Relations by R112-98, 12-18-98)