2014 Nevada Revised Statutes
Chapter 616B - Industrial Insurance: Insurers; Liability for Provision of Coverage
NRS 616B.416 - Plan for payment of annual assessments by members of association.
1. Each association of self-insured public or private employers shall adopt a plan for the payment of annual assessments by the members of the association which must be approved by the Commissioner.
2. The plan must include a requirement for:
(a) An initial payment, in advance, of a portion of the annual assessment due from each member of the association. If the association is an association of self-insured public employers, the initial payment must be in an amount approved by the Commissioner. If the association is an association of self-insured private employers, the initial payment must be in an amount equal to at least 25 percent of the member s annual assessment.
(b) Payment of the balance of the annual assessment due in quarterly or monthly installments.
(Added to NRS by 1993, 677) (Substituted in revision for NRS 616.37965)
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