NAC616B.728. Change in ownership of property; cancellation of status as self-insured employer or association.

     1. If the ownership of property is transferred from one self-insured employer or association to another, or if a self-insured employer or association acquires ownership in a property for which workers’ compensation insurance is provided by a private carrier, the Division will transfer data relating to annual expenditures for claims for that property to the new owner within 30 days after receiving notification of the transfer of ownership, and the Division will recompute the estimated annual assessments for the insurers only if it finds the existence of a special circumstance justifying the recomputation.

     2. If a self-insured employer elects to give up his or her status as a self-insured employer and to be insured against liability for workers’ compensation by a private carrier, the Division will recompute the estimated annual assessment for all insurers only if it finds the existence of a special circumstance justifying the recomputation.

     3. If an association elects to give up its status as an association and its members elect to be insured against liability for workers’ compensation by a private carrier, the Division will recompute the estimated annual assessment for all insurers only if it finds the existence of a special circumstance justifying the recomputation.

     (Added to NAC by Dep’t of Industrial Relations, eff. 8-26-83; A by Div. of Industrial Relations by R112-98, 12-18-98; R112-98, 12-18-98, eff. 7-1-99)