Nev. Admin. Code § 616B.713 - Statement of amount of expenditures for claims; amount to be used as source for determining annual expenditures for claims

1. Except as otherwise provided in subsection 2 and NAC 616B.7755, an insurer shall provide to the Division a statement showing the amount of expenditures for claims described in NAC 616B.707 for a period designated by the Division.

2. If an insurer assumes the obligation to pay the expenditures for claims of a selfinsured employer, association of self-insured public employers or association of self-insured private employers whose certificate of authority has been withdrawn pursuant to this chapter and chapter 616B of NRS, the insurer must provide to the Division a statement showing the amount of expenditures for claims described in NAC 616B.707 which the insurer assumed and paid on behalf of the self-insured employer, association of self-insured public employers or association of self-insured private employers, as applicable, for a period designated by the Division.

3. The statement provided pursuant to subsection 1 or 2, as applicable, must be verified and signed by a responsible person employed by the insurer or an authorized agent thereof.

4. Amounts reported to the Division pursuant to subsection 1 or 2, as applicable, will be used as the source for determining annual expenditures for claims.

Notes

Nev. Admin. Code § 616B.713

Added to NAC by Dep't of Industrial Relations, eff. 8-26-83; A 7-29-87; A by Div. of Industrial Relations by R112-98, 12-18-98; R096-99, 11-29-99; 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