Nev. Rev. Stat. § 616B.419

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 616B.419 - Required reserves

Each association of self-insured public or private employers shall maintain:

1. Actuarially appropriate loss reserves. Such reserves must include reserves for:

(a) Actual claims and the expenses associated with those claims; and

(b) Claims incurred but not reported, and the expenses associated with those claims.

2. Reserves for uncollected debts based on the experience of the association or other associations.

NRS 616B.419

Added to NRS by 1993, 677; A 2003, 3344

Added to NRS by 1993, 677; A 2003, 3344