NRS 616B.410
Annual audits

  • objection to assignment of standard industrial classification.

1.

The Commissioner shall cause to be conducted at least annually an audit of each association of self-insured public or private employers in order to verify:

(a)

The standard industrial classification of each member of the association;

(b)

The individual experience of each member of the association;

(c)

The payroll of each member of the association; and

(d)

The assessment required to be paid by each member of the association.

2.

The audit required by this section must be conducted by an auditor approved by the Commissioner.

3.

A report of the audit must be filed with the Commissioner in a form required by the Commissioner.

4.

The association or any member of the association may request a hearing before the Commissioner to object to any standard industrial classification assigned to a member of the association as a result of the audit. If the Commissioner determines that the assessment required to be paid by any member of the association is:

(a)

Insufficient because of the standard industrial classification assigned to the member, the Commissioner shall order the association to collect from that member any amount required to recover the deficiency.

(b)

Excessive because of the standard industrial classification assigned to the member, the Commissioner shall order the association to pay to the member the excess amount collected.

5.

The expenses of any audit conducted pursuant to this section must be paid by the association.

Source: Section 616B.410 — Annual audits; objection to assignment of standard industrial classification., https://www.­leg.­state.­nv.­us/NRS/NRS-616B.­html#NRS616BSec410.

616B.350
Qualification as association of self-insured public or private employers 616B.353
Indemnity agreement 616B.356
Certificate of authority required before surety or bonding company may furnish bond or other security for association. 616B.359
Certificate of qualification as an association of self-insured employers: Time for consideration of application 616B.362
Effect of certification 616B.365
Board of trustees: Members 616B.368
Board of trustees: Fiscal responsibilities 616B.371
Association’s administrator prohibited from financial interest in third-party administrator 616B.374
Solicitor’s permit: Advertising or offering for sale membership in proposed association of self-insured public or private employers without permit prohibited 616B.377
Solicitor’s permit: Commissioner to conduct investigation after filing of application for permit 616B.380
Solicitor’s permit: Power of Commissioner to suspend or revoke permit 616B.383
Advertisements or written materials to join association of self-insured public or private employers 616B.386
Membership in association: Application 616B.388
Provision of member information upon request. 616B.392
Notification of Commissioner required if change in information submitted for certification. 616B.395
Examination of books, records, accounts and assets of association by Commissioner 616B.398
Commissioner is agent of association for receipt of initial legal process. 616B.401
Merger of associations. 616B.404
Statement of financial condition: Filing dates 616B.407
Calculation of annual assessment paid by each member of association. 616B.410
Annual audits 616B.413
Payment of dividends to members of association. 616B.416
Plan for payment of annual assessments by members of association. 616B.419
Required reserves. 616B.422
Insufficient assets to pay compensation due and maintain reserves. 616B.425
Order by Commissioner to cease and desist 616B.428
Administrative fines for violations 616B.431
Withdrawal of certificate of association: Informal meeting 616B.434
Retention by Commissioner of security deposit in event of termination of association. 616B.437
Judicial review of Commissioner’s decision. 616B.440
Insolvency 616B.443
Assessment of all associations to provide for claims against insolvent association 616B.446
Regulations.
Last Updated

Feb. 5, 2021

§ 616B.410’s source at nv​.us