2010 Nevada Code
TITLE 53 LABOR AND INDUSTRIAL RELATIONS
Chapter 616B Industrial Insurance: Insurers; Liability for Provision of Coverage
NRS 616B.419 Required reserves.
NRS 616B.419 Required reserves. Each association of self-insured public or private employers shall maintain:
1. Actuarially appropriate loss reserves. Such reserves must include reserves for:
(a) Actual claims and the expenses associated with those claims; and
(b) Claims incurred but not reported, and the expenses associated with those claims.
2. Reserves for uncollected debts based on the experience of the association or other associations.
(Added to NRS by 1993, 677; A 2003, 3344)
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