Share This Article:
Reno, NV (WorkersCompensation.com) -- In Nevada, the meaning of "annual expenditures for claims" comes from a state statute, and is as follows:
1. For assessments for fiscal years before fiscal year 1999-2000, the total amount of money actually paid for compensation in a fiscal year, including those costs of claims covered under a policy of reinsurance or a policy of excess insurance, by or on behalf of an insurer, reduced by any amount received from subrogation and reimbursement from the Subsequent Injury Account of the insurer.
2. For assessments for fiscal year 1999-2000 and for each subsequent fiscal year, the total amount of money actually paid for compensation in a fiscal year for injuries occurring on or after July 1, 1999, including those costs of claims covered under a policy of reinsurance or a policy of excess insurance, by an insurer or its third-party administrator, reduced by any amount received from
(a) Subrogation;
(b) Reimbursement from the Subsequent Injury Account of the insurer
(c) Reimbursement for increases in compensation for a permanent total disability; and
(d) Reimbursement from the Fund for Workers’ Compensation and Safety for increases in death benefits.
california case management case management focus claims compensability compliance courts covid do you know the rule exclusive remedy florida FMLA glossary check health care Healthcare hr homeroom insurance insurers iowa kentucky leadership medical NCCI new jersey new york ohio opioids osha pennsylvania roadmap Safety simply research state info technology texas violence WDYT west virginia what do you think women's history month workcompcollege workers' comp 101 workers' recovery Workplace Safety Workplace Violence
Read Also
About The Author
About The Author
-
Frank Ferreri
Frank Ferreri, M.A., J.D. covers workers' compensation legal issues. He has published books, articles, and other material on multiple areas of employment, insurance, and disability law. Frank received his master's degree from the University of South Florida and juris doctor from the University of Florida Levin College of Law. Frank encourages everyone to consider helping out the Kind Souls Foundation and Kids' Chance of America.
More by This Author
Read More
- Jan 22, 2025
- Frank Ferreri
- Jan 21, 2025
- Claire Muselman
- Jan 21, 2025
- Frank Ferreri
- Jan 20, 2025
- Claire Muselman
- Jan 20, 2025
- Chris Parker