Duty to file with Commissioner formula to assess insurers for certain costs; approval of formula.

Nev. Rev. Stat. § 686B.17645
in effect
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1. The Advisory Organization shall, at least 60 days before imposing an assessment pursuant to this section, file with the Commissioner a formula for an assessment on all insurers, which results in an equitable distribution among all insurers, of: (a) The costs of paying the expenses of the members of the appeals panel for industrial insurance pursuant to the provisions of NRS 616B.770 ; and (b) Any costs incurred by the Advisory Organization to administer the appeals panel for industrial insurance pursuant to the provisions of NRS 616B.760 to 616B.790 , inclusive. 2. The formula for the assessment filed pursuant to subsection 1 shall be deemed approved unless it is disapproved by the Commissioner within 60 days after it is filed.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-686B.htmlFetched: 10/4/2026

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