SB345
AN ACT relating to industrial insurance; revising various requirements for an association of self-insured public or private employers, members of an association and members of a board of trustees of an association; revising permissible uses of money collected from members as annual assessments; prohibiting the distribution of dividends to members of an association by an association; revising provisions relating to certain administrative penalties; requiring an association of self-insured public or private employers operating on October 1, 2025, to apply for and be issued a new certificate to act as such an association; and providing other matters properly relating thereto. Close title AN ACT relating to industrial insurance; revising various requirements for an association of self-insured public or private employers, members of an association and members of a board of trustees of an association; revising permissible uses of money collected from members as annual assessments; prohibiting the distribution of dividends to members of an association by an association; revising provisions relating to certain administrative penalties; requiring an association of self-insured public or private employers operating on October 1, 2025, to apply for and be issued a new certificate to act as such an association; and providing other matters properly relating thereto.
Introduction Date
Thursday, March 13, 2025
Primary Sponsor
View 1 Primary Sponsors Close Primary Sponsors Senator Skip
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AN ACT relating to industrial insurance; revising various requirements for an association of self-insured public or priv
Existing law authorizes a group of five or more public or private employers, under certain circumstances, to act as an association of self-insured employers for the purpose of providing industrial insurance. (NRS 616B.350-616B.446) Existing law requires members of such an association: (1) of public employers, to be engaged in the same or similar classifications of employment; and (2) of private employers, to be members or associate members of a bona fide trade association, as determined by the Commissioner, which is incorporated in this State and has been in existence for at least 5 years. (NRS 616B.350) Section 1 of this bill additionally requires all members of an association of self-insured public or private employers to perform related activities in a given industry. Existing law requires an association of self-insured public or private employers to be operated by a board of trustees whom the members of the association elect for terms set forth in the bylaws of the association. The board of trustees must be composed of: (1) for public employers, members who are officers or employees of employers who are members of the association; and (2) for private employers, at least two-thirds of members who are employees, officers or directors of the members of the association. (NRS 616B.365) Section 3 of this bill requires that the board of trustees of an association of self-insured: (1) public employers be officers or managerial employees of the public employers who are members of
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