Nevada Administrative Code|Section 616B.Sec. 11-1 - NEW

                                                
 616B.Sec. 11-1. NEW 
 
1. 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.
 
Added to NAC by Div. of Industrial Relations by R026-18A, eff. 2-20-2020
 
NRS 616B.572, 616B.578