616B.040 - Creation; source; investments. - Nevada Statutes

616B.040  Creation; source; investments.

      1.  There is hereby established in the State Treasury the State Insurance Fund. The Commissioner shall administer the Fund.

      2.  The money in the Fund may be invested by the State Treasurer in accordance with the provisions of NRS 355.140, 355.150 and 355.160.

      3.  Any money delivered to the Commissioner pursuant to NRS 616B.042 and 696B.360 must be deposited in the Fund and be held in trust by the Commissioner as custodian thereof for the purpose of providing compensation for industrial accidents and occupational diseases and for administrative expenses incidental thereto.

      (Added to NRS by 1999, 1763)—(Substituted in revision for NRS 616B.0862)