1. There is hereby created in the Fund for Workers’ Compensation and Safety in the State Treasury the Subsequent Injury Account for Self-Insured Employers, which may be used only to make payments in accordance with the provisions of NRS 616B.557 and 616B.560. The Board shall administer the Account based upon recommendations made by the Administrator pursuant to subsection 8.
2. All assessments, penalties, bonds, securities and all other properties received, collected or acquired by the Board for the Subsequent Injury Account for Self-Insured Employers must be delivered to the custody of the State Treasurer.
3. All money and securities in the Account must be held by the State Treasurer as custodian thereof to be used solely for workers’ compensation for employees of self-insured employers.
4. The State Treasurer may disburse money from the Account only upon written order of the Board.
5. The State Treasurer shall invest money of the Account in the same manner and in the same securities in which the State Treasurer is authorized to invest State General Funds which are in the custody of the State Treasurer. Income realized from the investment of the assets of the Account must be credited to the Fund.
6. The Board shall adopt regulations for the establishment and administration of assessment rates, payments and penalties. Assessment rates must result in an equitable distribution of costs among the self-insured employers and must be based upon expected annual expenditures for claims for payments from the Subsequent Injury Account for Self-Insured Employers.
7. The Commissioner shall assign an actuary to review the establishment of assessment rates. The rates must be filed with the Commissioner 30 days before their effective date. Any self-insured employer who wishes to appeal the rate so filed must do so pursuant to NRS 679B.310.
8. The Administrator shall:
(a) Evaluate any claim submitted to the Board for payment or reimbursement from the Subsequent Injury Account for Self-Insured Employers and recommend to the Board any appropriate action to be taken concerning the claim; and
(b) Submit to the Board any other recommendations relating to the Account.
(Added to NRS by 1981, 1454; A 1987, 452; 1991, 207; 1993, 725, 1867; 1995, 531, 539, 2143, 2169, 2170; 1997, 127, 593; 1999, 1772; 2001, 2449, 2758)
Structure Nevada Revised Statutes
Chapter 616B - Industrial Insurance: Insurers; Liability for Provision of Coverage
NRS 616B.009 - Reports required to be made by insurers.
NRS 616B.021 - Files of claims: Accessibility; maintenance; inspection; reproduction.
NRS 616B.024 - Destruction of records.
NRS 616B.040 - Creation; source; investments.
NRS 616B.044 - Authority of successor organization to take credit for reinsurance.
NRS 616B.046 - Disposition of money in Fund on repeal of statutes relating to workers’ compensation.
NRS 616B.228 - Budgeting for premiums and payment of premiums by public employers.
NRS 616B.303 - Standard for insolvency.
NRS 616B.321 - Imposition of fine if self-insured employer fails to pay compensation as ordered.
NRS 616B.324 - Self-insured employer liable for violation by employer’s agent.
NRS 616B.330 - Self-insured employer may appeal decision of Commissioner.
NRS 616B.333 - Disposition of security after termination of status as self-insured employer.
NRS 616B.365 - Board of trustees: Members; duties; prohibited acts.
NRS 616B.388 - Provision of member information upon request.
NRS 616B.398 - Commissioner is attorney-in-fact of association for receipt of initial legal process.
NRS 616B.401 - Merger of associations.
NRS 616B.404 - Statement of financial condition: Filing dates; contents; form; additional reports.
NRS 616B.407 - Calculation of annual assessment paid by each member of association.
NRS 616B.410 - Annual audits; objection to assignment of standard industrial classification.
NRS 616B.413 - Payment of dividends to members of association.
NRS 616B.416 - Plan for payment of annual assessments by members of association.
NRS 616B.419 - Required reserves.
NRS 616B.422 - Insufficient assets to pay compensation due and maintain reserves.
NRS 616B.425 - Order by Commissioner to cease and desist; penalty for violation of order.
NRS 616B.434 - Retention by Commissioner of security deposit in event of termination of association.
NRS 616B.437 - Judicial review of Commissioner’s decision.
NRS 616B.500 - Administration of plan of insurance authorized; conditions.
NRS 616B.503 - Certification by Commissioner required; duties of third-party administrator.
NRS 616B.506 - Imposition of administrative fine for violations; withdrawal of certification.
NRS 616B.5285 - Contracts with providers of health care; prohibited acts.
NRS 616B.529 - Inducements to deny, reduce or delay medically necessary services prohibited.
NRS 616B.545 - "Board" defined.
NRS 616B.563 - "Board" defined.
NRS 616B.603 - Independent enterprises.
NRS 616B.606 - Real estate brokers and salespersons not employers under certain circumstances.
NRS 616B.609 - Devices modifying liability void; exception.
NRS 616B.618 - Applicability to State, political subdivisions and their contractors.
NRS 616B.621 - Applicability to certain trainees enrolled in rehabilitation facilities.
NRS 616B.633 - Applicability to all employers who employ at least one employee.
NRS 616B.636 - Actions at law by employees.
NRS 616B.650 - Election by employer; effect of failure to provide industrial insurance.
NRS 616B.656 - Election by employer of excluded persons.
NRS 616B.662 - Rejection of coverage by employer; relief from payment of premiums.
NRS 616B.673 - Certificate of registration required; expiration; penalty.
NRS 616B.688 - Written agreement regarding employment relationship with leased employees.
NRS 616B.697 - Action for damages for statutory violation.
NRS 616B.717 - Coverage of more than one construction project authorized.
NRS 616B.720 - Contents of contract to provide insurance for program.
NRS 616B.722 - Liability of insurer for payment of compensation.
NRS 616B.732 - Determination of loss experience.
NRS 616B.760 - Creation; membership; terms; vacancies.
NRS 616B.762 - Annual first meeting: Date; election of Chair.
NRS 616B.765 - Duties and powers of Chair.
NRS 616B.767 - Meetings; quorum.
NRS 616B.770 - Compensation of members.
NRS 616B.772 - Filing of grievance; parties to hearing; authority to appeal decision on hearing.
NRS 616B.777 - Timing: Notification of hearing; issuance of decision.
NRS 616B.780 - Hearings open to public; exception.
NRS 616B.782 - Conflict of interest: Appointment of substitute member; waiver; determination.
NRS 616B.785 - Issuance and delivery of decision; notification of right to appeal.
NRS 616B.787 - Appeal of decision to Commissioner.
NRS 616B.850 - Insurer may establish plan to review small employers; objectives of plan.