The Administrator of the Risk Management Division shall: 1. Act as State Risk Manager. 2. Administer the provisions of law relating to the Risk Management Division, subject to the administrative supervision of the Director of the Department of Administration. (Added to NRS by 1979, 627)
The State Risk Manager shall not: 1. Engage in any other occupation, business or activity that is in any way inconsistent with the performance of his or her duties as Risk Manager, nor shall the Risk Manager hold any public office. 2. Directly or indirectly solicit or receive any assessment, subscription, contribution or service, whether […]
The State Risk Manager shall: 1. Direct and supervise all administrative and technical activities of the Risk Management Division. 2. Determine the nature and extent of requirements for insurance, other than group life, accident or health insurance, on risks of an insurable nature of the State and any of its agencies, the premiums for which […]
The State Risk Manager may employ such staff as is necessary for the performance of his or her duties, within limits of legislative appropriations or other available money. (Added to NRS by 1999, 3041)
In determining the need for, form and amount of insurance coverages, the State Risk Manager shall consider: 1. Omission of insurance coverage on property and risks for which insurance and claim adjustment costs would be disproportionately high in relation to the amount of risk. 2. Economies possible through the use of reasonable deductibles. 3. Use […]
1. There is created in the State Treasury the Fund for Insurance Premiums as an internal service fund to be maintained for use by the Risk Management Division of the Department of Administration and the Attorney General. 2. Each state agency shall deposit in the Fund: (a) An amount equal to its insurance premium and […]
1. Except as otherwise provided in subsection 2, all money received from insurance companies in payment of losses incurred upon buildings and other property belonging to the State must be deposited in the Fund for Insurance Premiums. 2. Money received from insurance companies under first-party coverage in payment of losses incurred upon buildings and other […]
