NRS 287.029
Money for coverage for group insurance for officers and employees of school district provided through self-insurance reserve fund or other self-funded system to be deposited in trust fund or held in trust

  • limitations on use of such money.

1.

If the governing body of a school district:

(a)

Provides group life, accident or health coverage through a self-insurance reserve fund as described in paragraph (c) of subsection 1 of NRS 287.010; or

(b)

Establishes or carries into effect any other system of self-funded life, accident or health coverage,
Ê any money that is paid toward such coverage by officers and employees of the school district in the form of contributions, deductions and premiums, and any money that is set aside by the school district for the matching of contributions, or for the defraying of costs pursuant to paragraph (d) of subsection 1 of NRS 287.010, must be deposited in a trust fund or otherwise held in trust for the benefit of the officers and employees of the school district.

2.

Money that is deposited in a trust fund or otherwise held in trust pursuant to subsection 1:

(a)

Must be used only for the purpose of funding, maintaining, operating and administering the program or system of group insurance;

(b)

Must not be loaned to the school district or the board of trustees of the school district or its agent or any other governmental entity; and

(c)

May be invested in any reasonable and prudent manner, except that such money must not be invested to purchase any obligations of the school district or the board of trustees of the school district or its agent. All interest and income earned on the money in the fund must be deposited in the fund.

Source: Section 287.029 — Money for coverage for group insurance for officers and employees of school district provided through self-insurance reserve fund or other self-funded system to be deposited in trust fund or held in trust; limitations on use of such money., https://www.­leg.­state.­nv.­us/NRS/NRS-287.­html#NRS287Sec029 (accessed May 26, 2025).

287.010
Local governmental agency may adopt system of group insurance 287.012
Local governmental agency may use list of preferred prescription drugs developed by Department of Health and Human Services and obtain prescription drugs through certain purchasing agreements. 287.015
Trust fund to provide health and welfare benefits: Establishment 287.017
Trust fund for future retirement benefits of local governmental employees and their spouses and dependents. 287.020
Local governmental agency may adopt system of medical and hospital service 287.021
Option of surviving spouse or child of police officer or firefighter killed in line of duty to accept or continue coverage for group insurance, plan of benefits or medical and hospital service 287.023
Option of retired officer or employee or dependent to cancel or continue group insurance, plan of benefits, medical and hospital service or coverage under Public Employees’ Benefits Program 287.024
Option of former member of board of trustees of school district to cancel or continue coverage for group insurance, plan of benefits or medical and hospital service 287.025
Local governmental agency may contract with Public Employees’ Benefits Program or other local governmental agency or participate as member of nonprofit cooperative association or corporation for group insurance, related medical services or health-related information. 287.027
Coverage for colorectal cancer screening required to be provided by local governmental agency that provides health insurance through plan of self-insurance. 287.029
Money for coverage for group insurance for officers and employees of school district provided through self-insurance reserve fund or other self-funded system to be deposited in trust fund or held in trust 287.030
Assignment or deduction of wages or salary for group insurance, plan of benefits or medical and hospital services not prohibited. 287.040
Payments for group insurance, plan of benefits, medical and hospital services, coverage under Public Employees’ Benefits Program or contributions to certain trust funds not compulsory for local governmental agency 287.0205
Reinstatement of insurance by retired public officer or employee or surviving spouse. 287.0272
Coverage for human papillomavirus vaccination required to be provided by local governmental agency that provides health insurance through plan of self-insurance. 287.0274
Coverage for prostate cancer screening required to be provided by local governmental agency which provides health insurance through plan of self-insurance that provides coverage for prostate cancer screening. 287.0276
Coverage for screening for and diagnosis and treatment of autism spectrum disorders required to be provided by local governmental agency which provides health insurance through plan of self-insurance. 287.0278
Coverage for chemotherapy administered orally

May 26, 2025

§ 287.029. Money for coverage for group insurance for officers & employees of school district provided through self-insurance reserve fund or other self-funded system to be deposited in trust fund or held in trust's source at nv​.us