Nev. Rev. Stat. § 616A.330

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 616A.330 - "Tangible net worth" defined

"Tangible net worth" means the value of all the assets, minus the value of all the liabilities, of a self-insured employer or an association of self-insured private employers except:

1. Goodwill or excess cost over the fair market value of assets.

2. Any other items listed in the assets that are deemed unacceptable by the Commissioner because they cannot be justified or because they do not directly support the ability of the self-insured employer or association to pay a claim.

NRS 616A.330

Added to NRS by 1995, 1974; A 2007, 3333; 2017, 2406

Amended by 2017, Ch. 376,§166, eff. 7/1/2017.

Added to NRS by 1995, 1974; A 2007, 3333