Section 616B.7778 - Requirements for Board to authorize reimbursement from Account1. Except as otherwise provided in subsection 2 or by specific statute or regulation, the Board may authorize reimbursement from the Account for the payment of benefits in the form of a lump sum if: (a) The association meets the requirements of NRS 616B.578;(b) The compensation paid or to be paid was due;(c) A lump-sum payment is reasonable, is in the best interest of the injured employee and will eliminate any contingent future liability against the Account; and(d) The lump-sum payment: (1) If the payment is being made for a permanent partial disability, meets the requirements of NRS 616C.495; or(2) If the payment is being made for vocational rehabilitation services, meets the requirements of NRS 616C.590 or 616C.595.2. The Board will not authorize reimbursement from the Account for: (a) Any payment that is prohibited by NRS 616C.410; or(b) A lump-sum payment that was not made to an injured employee.3. In considering whether to authorize reimbursement from the Account for the payment of benefits in the form of a lump sum pursuant to this section, the Board may consider any information that it deems relevant, including, without limitation, the application of any statute or regulation.Nev. Admin. Code § 616B.7778
Added to NAC by Div. of Industrial Relations by R026-18A, eff. 2/27/2020