EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted. Green numbers along left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).

1-1 Section 1. NRS 679B.158 is hereby amended to read as follows:

1-2 679B.158 1. The special investigative account is hereby established

1-3 in the state general fund for use by the commissioner. The commissioner

1-4 shall deposit all money received pursuant to this section with the state

1-5 treasurer for credit to the account. Money remaining in the account at the

1-6 end of any year [does not lapse and] may be used by the commissioner in

1-7 any subsequent year [.] for the purposes set forth in this section.

1-8 2. The commissioner shall [authorize] :

1-9 (a) In cooperation with the attorney general, biennially prepare and

1-10 submit to the legislature a proposed budget for the program established

1-11 pursuant to NRS 679B.153; and

2-1 (b) Authorize expenditures from the special investigative account to pay

2-2 the expenses of the program established pursuant to NRS 679B.153 and of

2-3 any unit established in the office of the attorney general [which] that

2-4 investigates and prosecutes insurance fraud.

2-5 3. The money authorized for expenditures pursuant to paragraph (b)

2-6 of subsection 2 must be distributed in the following manner:

2-7 (a) Fifteen percent of the money authorized for expenditures must be

2-8 paid to the commissioner to oversee the program established pursuant to

2-9 NRS 679B.153; and

2-10 (b) Eighty-five percent of the money authorized for expenditures must

2-11 be paid to the attorney general to enforce the provisions of the program

2-12 established pursuant to NRS 679B.153.

2-13 4. [All] Except as otherwise provided in subsection 6, all of the costs

2-14 of the program established pursuant to NRS 679B.153 must be paid by the

2-15 insurers authorized to transact insurance in this state. The commissioner

2-16 shall annually determine the total cost and [equally] divide that amount

2-17 among the insurers [.] pro rata based upon the total amount of premiums

2-18 charged to insureds in this state by each insurer, but the amount must

2-19 not exceed the amount set forth in this subsection. The annual amount so

2-23 each insurer:

2-24 (a) Must not exceed $500, if the total amount of the premiums

2-25 charged to insureds in this state by the insurer is less than $100,000;

2-26 (b) Must not exceed $750, if the total amount of the premiums

2-27 charged to insureds in this state by the insurer is $100,000 or more but

2-28 less than $1,000,000;

2-29 (c) Must not exceed $1,000, if the total amount of the premiums

2-30 charged to insureds in this state by the insurer is $1,000,000 or more but

2-31 less than $10,000,000;

2-32 (d) Must not exceed $1,500, if the total amount of the premiums

2-33 charged to insureds in this state by the insurer is $10,000,000 or more

2-34 but less than $50,000,000; and

2-35 (e) Must not exceed $2,000, if the total amount of the premiums

2-36 charged to insureds in this state by the insurer is $50,000,000 or more.

2-37 5. The commissioner [may] shall adopt regulations [regarding] to

2-38 carry out the provisions of this section, including, without limitation, the

2-39 calculation [and collection] of the assessment.

2-40 6. The provisions of this section do not apply to an insurer who

2-41 provides only worker’s compensation insurance and pays the assessment

2-42 provided in NRS 232.680.

3-1 7. As used in this section, "reinsurer" has the meaning ascribed to it

3-2 in NRS 681A.370.

3-3 Sec. 2. NRS 695F.090 is hereby amended to read as follows:

3-4 695F.090 Prepaid limited health service organizations are subject to

3-28 11. Chapter 692C of NRS, concerning holding companies.

3-29 Sec. 3. This act becomes effective on July 1, 1999.