Statutes, codes, and regulations
Nevada Administrative Code
Chapter 616B - Industrial Insurance: Insurers; Liability for Provision of Coverage
SELF-INSURED EMPLOYERS
Section 616B.412 - "Expected annual incurred cost of claims" defined

Nev. Admin. Code § 616B.412

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Current through November 8, 2024
Section 616B.412 - "Expected annual incurred cost of claims" defined

As used in NRS 616B.300, the Commissioner will interpret "expected annual incurred cost of claims" to mean the average of the annual claims expenditures of the employer during the immediately preceding 36 months plus any estimated additional costs, including, without limitation, future anticipated costs and the cost of administering the program of self-insurance.

Nev. Admin. Code § 616B.412

Comm'r of Insurance, PC-25 § 7, eff. 8-6-80-Substituted in revision for NAC 616.148; A by R095-17AP, eff. 2/27/2018
NRS 616B.300 and 679B.130