An employer who
was not providing accident benefits pursuant to
on June 30, 1977, must:
(a) Be a corporation having a net worth of at
least $2,500,000; or
(b) Be an
entity of the State or its political subdivisions with an annual operating
budget in excess of $5,000,000, and must have paid premiums for workers'
compensation to a private carrier of not less than $50,000 per year for each of
the preceding 2 years before the employer may seek approval from the
Administrator of arrangements to provide accident benefits.
2. A corporate employer who elects
and is approved by the Administrator to provide accident benefits for his or
her employees shall file with the Administrator an annual, audited financial
report of the corporation and such other financial information as may be
required to establish the financial responsibility necessary to provide
Nev. Admin. Code §
Industrial Comm'n, Nos.
33.200 & 33.220, eff. 10-13-77-NAC A by Div. of Industrial Relations by
R098-98, 12-18-98, eff. 7-1-99