616B.401 - Merger of associations.
616B.401 Merger of associations.
1. An association of self-insured public employers may merge with another association of self-insured public employers if:
(a) The resulting association assumes in full all obligations of the merging associations; and
(b) The merger is approved by the Commissioner.
2. An association of self-insured private employers may merge with another association of self-insured private employers if:
(a) The members of the merging associations are engaged in the same or similar trade;
(b) The resulting association assumes in full all obligations of the merging associations; and
(c) The merger is approved by the Commissioner.
3. The Commissioner shall conduct a hearing on the proposed merger if any member of the merging associations so requests. The Commissioner may on his or her own motion conduct such a hearing.
(Added to NRS by 1993, 675; A 1995, 1984)—(Substituted in revision for NRS 616.37947)