680B.070 - Assessment for National Association of Insurance Commissioners. - Nevada Statutes

680B.070  Assessment for National Association of Insurance Commissioners.

      1.  Each authorized insurer, fraternal benefit society, health maintenance organization, organization for dental care, prepaid limited health service organization and motor club shall on or before March 1 of each year pay to the Commissioner a reasonable uniform amount, not to exceed $30, as the Commissioner requires, to cover the assessment levied upon this state in the same calendar year by the National Association of Insurance Commissioners to defray:

      (a) The general expenses of the Association; and

      (b) Reasonable and necessary travel and related expenses incurred by the Commissioner and members of his or her staff, without limitation as to number, in attending meetings of the Association and its committees, subcommittees, hearings and other official activities.

Ê The Commissioner shall give written notice of the required amount.

      2.  Expenses incurred for the purposes described in paragraphs (a) and (b) of subsection 1 must be paid in full and are not subject to the limitations expressed in NRS 281.160 or in the regulations of any state agency.

      3.  All money received by the Commissioner pursuant to subsection 1 must be deposited in the State Treasury for credit to the National Association Account of the Division of Insurance, which is hereby created in the State General Fund. Except as otherwise provided in subsection 2, all claims against the Account must be paid as other claims against the State are paid.

      (Added to NRS by 1971, 1598; A 1977, 810; 1979, 121; 1987, 460; 1991, 1625, 1818; 1993, 572, 573, 1913; 2003, 3283)