Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter616B Industrial Insurance: Insurers; Liability for Provision of Coverage |
LIABILITY FOR PROVISION OF COVERAGE |
Election by Employer of Excluded Persons |
NAC616B.810. Elected coverage for real estate broker, broker-salesperson or salesperson.
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1. A person who is licensed pursuant to chapter 645 of NRS as a real estate broker, broker-salesperson or salesperson and who is not otherwise required to maintain coverage pursuant to chapters 616A to 617, inclusive, of NRS may elect coverage pursuant to NRS 616A.220 by submitting to a private carrier:
(a) An original application for industrial insurance; or
(b) A separate election form or a letter signed by the licensee.
2. A licensee who elects coverage pursuant to NRS 616A.220 will be assigned a classification based on his or her occupation as a licensed real estate broker, broker-salesperson or salesperson at the deemed wage of $1,500 per month.
(Added to NAC by Div. of Industrial Relations by R112-98, 12-18-98, eff. 7-1-99)