Nev. Admin. Code § 616B.704 - Records and reports

1. Each insurer shall maintain records in this State of annual expenditures for claims, including, without limitation:

(a) Copies of checks issued;

(b) Registers of checks issued relating to claims for workers' compensation, including, without limitation, voided checks;

(c) Registers of any other payment of claims other than by check; and

(d) Working papers used to report annual expenditures for claims.

2. The Division may require an insurer to provide a copy of any cancelled check described in subsection 1. Within 15 days after the insurer receives a written request from the Division, the insurer shall provide a copy of both sides of each cancelled check requested. The Division may require the insurer to provide a certified copy of each cancelled check requested.

3. Each insurer shall provide the Division, at such times and in the form and manner prescribed by the Division, with reports of expected annual expenditures for claims, annual expenditures for claims and such other information as the Division deems necessary to calculate an estimated or final annual assessment. Each report of expenditures for claims must identify expenditures attributable to claims made by persons who were employed by the operators of mines at the time of their injuries.

4. The Division will provide to each insurer an annual report showing the figures and sources used in calculating the estimated annual expenditures for claims.

Notes

Nev. Admin. Code § 616B.704

Added to NAC by Dep't of Industrial Relations, eff. 8-26-83; A 7-29-87; 8-30-91; A by Div. of Industrial Relations by R112-98, 12-18-98

NRS 232.680, 616A.400