Nevada Statutes

§ 616B.044 — Authority of successor organization to take credit for reinsurance

Nevada § 616B.044

JurisdictionNevada

Title 53LABOR AND INDUSTRIAL RELATIONS

Ch. 616BIndustrial

STATE INSURANCE FUND

This text of Nevada § 616B.044 (Authority of successor organization to take credit for reinsurance) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 616B.044 (2026).

Text

1.Any successor organization to the State Industrial Insurance System may take as credit as an asset or as a deduction from liability on account of reinsurance for reinsurance ceded to an assuming alien insurer with security based on discounted reserves for losses that were maintained by the System for accounting periods beginning before July 1, 1995, at a rate not to exceed 6 percent.

2.As used in this section, “alien insurer” has the meaning ascribed to it in NRS 679A.090 .

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1. Any successor organization to the State Industrial Insurance System may take as credit as an asset or as a deduction from liability on account of reinsurance for reinsurance ceded to an assuming alien insurer with security based on discounted reserves for losses that were maintained by the System for accounting periods beginning before July 1, 1995, at a rate not to exceed 6 percent.
2. As used in this section, “alien insurer” has the meaning ascribed to it in NRS 679A.090 .

Related

Nevada § 679A.090

Legislative History

(Added to NRS by 1999, 1763 )—(Substituted in revision for NRS 616B.0867)

Nearby Sections

15

§ 616B.003

Periodic audit of insurers; required standard auditing procedures; information to be shared by Division of Insurance; report to Legislature

§ 616B.005

Insurers to cooperate with Commissioner; duty of private carriers to provide certain information to Commissioner

§ 616B.006

Insurer required to provide information necessary for enforcement of statutes, regulations or standards; Administrator required to make written request for information

§ 616B.009

Reports required to be made by insurers

§ 616B.011

Request for health care records; fees

§ 616B.012

Confidentiality and disclosure of information; penalty for disclosure or use of information; privileged communications

§ 616B.015

Confidentiality of certain records and files of Division of Insurance concerning self-insured employers and associations of self-insured public or private employers; exceptions

§ 616B.018

Index of claims: Establishment; contents; format; use; fee; administrative fine for failure by insurer to provide information

§ 616B.021

Files of claims: Availability; maintenance; inspection; reproduction

§ 616B.024

Destruction of records

§ 616B.027

Insurer to provide office in State and statewide toll-free telephone service; private carrier to provide adequate services and information to control losses and prevent accidents and occupational diseases; requirement of availability for communication in real time

§ 616B.0275

Location of administration of claims; authority of Commissioner to waive requirements and adopt regulations

§ 616B.028

Modified program of industrial insurance for offenders in prison industry or work program

§ 616B.029

Modified program of industrial insurance for offenders engaged in work program directed by administrator of county or city jail or other local detention facility

§ 616B.030

Policy of insurance: Required provisions in policies of private carriers; regulations of Commissioner concerning basic policy used by private carriers

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Bluebook (online)

Nevada § 616B.044, Counsel Stack Legal Research, https://law.counselstack.com/statute/nv/616B.044.