Nev. Admin. Code § 616B.710 - Calculating annual expenditures for claims

In calculating his or her annual expenditures for claims, an insurer shall:

1. Reduce the expenditures for claims by an amount equal to the amount of money received from:

(a) Subrogation;

(b) Reimbursement from the insurer's Subsequent Injury Account;

(c) Reimbursement for increases in compensation for a permanent total disability pursuant to NRS 616C.266; and

(d) Reimbursement from the Fund for Workers' Compensation and Safety for increases in death benefits pursuant to NRS 616C.268, in the fiscal year in which the money is received; and

2. Not reduce the total amount of money actually paid for compensation to an amount less than zero.

Notes

Nev. Admin. Code § 616B.710

Added to NAC by Dep't of Industrial Relations, eff. 7-29-87; A by Div. of Industrial Relations by R112-98, 12-18-98; A by R134-20A, eff. 9/20/2022; Added to NAC by Div. of Industrial Relations by R134-20RA, eff. 12/19/2022

NRS 232.680, 616A.400