NAC616B.570. Submission of reports regarding certain injuries and diseases, fatalities and hospitalization.

     1. An association shall submit to the Commissioner a report on any injury or disease expected to result in the payment of at least $100,000 for medical costs or indemnity or to trigger the need for excess insurance coverage. The report must be submitted within 30 days after the actual occurrence of the claim or the projection of the reserve, and must contain:

     (a) The name of the claimant and the date and type of injury;

     (b) The amount paid to date for medical costs and indemnity;

     (c) The projected amount of reserves that have been established; and

     (d) The amount paid, or anticipated to be paid, by excess insurance.

     2. An association shall submit to the Commissioner a report on any accident which is fatal to one or more employees or results in the hospitalization of five or more employees. The report must be submitted within 30 days after the actual occurrence, and must contain:

     (a) The names of the claimants and the dates and types of injuries;

     (b) The amount paid to date for medical costs and indemnity;

     (c) The projected amounts of reserves that have been established; and

     (d) The amount anticipated to be paid by excess insurance.

     3. The Commissioner may withdraw the certification of an association that fails timely to submit the reports required by subsections 1 and 2.

     (Added to NAC by Comm’r of Insurance, eff. 3-22-96; A by R112-04, 8-25-2004)