Nevada Revised Statutes Title 53. Labor and Industrial Relations § 616B.422. Insufficient assets to pay compensation due and maintain reserves

1. If the assets of an association of self-insured public or private employers are insufficient to make certain the prompt payment of all compensation under chapters 616A to 617, inclusive, of NRS and to maintain the reserves required by NRS 616B.419, the association shall immediately notify the Commissioner of the deficiency and:

2. If the association wishes to transfer any surplus from one fund year to another, the association must first notify the Commissioner of the transfer.

3. The Commissioner shall order the association to make up any deficiency pursuant to subsection 1 if the association fails to do so within 30 days after notifying the Commissioner of the deficiency. The association shall be deemed insolvent if it fails to: