SB 345
Revises provisions relating to associations of self-insured employers. (BDR 53-198)
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Sign in to take action- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Bill overview
This bill revises the rules for associations of self-insured employers in Nevada. It requires all members of these associations to perform related activities in a given industry and establishes stricter requirements for the board of trustees, including a two-thirds majority vote for key decisions and fiduciary responsibility. The bill also addresses how assessments are collected and used, prohibits dividend distributions, and strengthens the Commissioner’s ability to oversee these associations and enforce compliance.
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