616B.443 - Assessment of all associations to provide for claims against insolvent association; Account for Insolvent Associations of Self-Insured Public or Private Employers. - Nevada Statutes

616B.443  Assessment of all associations to provide for claims against insolvent association; Account for Insolvent Associations of Self-Insured Public or Private Employers.

      1.  The Commissioner may assess all associations of self-insured public or private employers to provide for claims against any insolvent association.

      2.  All money received from such assessments must be deposited with the State Treasurer to the credit of the Account for Insolvent Associations of Self-Insured Public or Private Employers, which is hereby created in the Fund for Workers’ Compensation and Safety. Money in the Account must be used solely to carry out the provisions of this section. All claims against the Account must be paid as other claims against the State are paid. The State Treasurer shall invest money in the Account in the same manner and in the same securities in which the State Treasurer may invest money in the State General Fund. Income realized from the investment of the money in the Account must be credited to the Account.

      (Added to NRS by 1993, 680)—(Substituted in revision for NRS 616.37995)

      NRS 616B.446  Regulations.  The Commissioner may adopt such regulations as are necessary to carry out the provisions of NRS 616B.350 to 616B.446, inclusive.

      (Added to NRS by 1993, 680; A 2007, 3340)