Nevada Administrative Code
Chapter 616B - Industrial Insurance: Insurers; Liability for Provision of Coverage
ASSESSMENTS
Section 616B.731 - Statement of assessment; additional assessments; payment

Universal Citation: NV Admin Code 616B.731

Current through December 12, 2024

1. The Division will issue to each insurer a statement of his or her estimated annual assessment. The statement must include the date on which the entire amount is due, or, if the insurer elects to pay the assessment in quarterly payments, the amounts and dates on which the payments are due. The Division shall send the statement by mail not less than 30 days before the date on which payment is due.

2. The Division shall not require a quarterly payment more than 30 days before the first day of that quarterly period.

3. Additional assessments to preserve the solvency of:

(a) The Fund for Workers' Compensation and Safety;

(b) The Uninsured Employers' Claim Account; and

(c) The Subsequent Injury Accounts,

may be issued by the Division.

4. An insurer shall pay the assessment in full to the Division pursuant to the date established in subsection 1 or pay the quarterly assessment amounts pursuant to the dates established in subsection 1.

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

NRS 232.680, 616A.400

Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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