SB 258

This bill modifies Nevada’s industrial insurance laws to clarify how the state recovers damages from third parties when an employee is injured due to someone other than their employer. Specifically, it adjusts the maximum amount an industrial insurer or administrator can recover from a third party’s settlement or judgment, requiring a reduction for reasonable costs incurred by the injured employee or their dependents in pursuing the recovery. The bill also establishes procedures for verifying these costs and limits the offset to future compensation payments.