Assembly Bill No. 393–Assemblymen Price,
Bache and Giunchigliani

 

March 16, 2001

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Referred to Committee on Commerce and Labor

 

SUMMARY—Provides for prospective increase in certain compensation for industrial insurance. (BDR 53‑1288)

 

FISCAL NOTE:            Effect on Local Government: Yes.

                                    Effect on the State: Yes.

 

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to industrial insurance; providing for a prospective increase in compensation for a permanent total disability or permanent partial disability under certain circumstances; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

1-1    Section 1. Chapter 616C of NRS is hereby amended by adding thereto

1-2  a new section to read as follows:

1-3    1.  In addition to any other increase in compensation for a permanent

1-4  total disability or permanent partial disability pursuant to the provisions

1-5  of chapters 616A to 616D, inclusive, of NRS, a claimant or any

1-6  dependent of a claimant who receives compensation for a permanent

1-7  total disability or permanent partial disability pursuant to those chapters

1-8  is entitled to an annual increase in his compensation in an amount that

1-9  is equal to the annual increase, if any, set forth in the Consumer Price

1-10  Index (All Items) published by the United States Department of Labor for

1-11  the year in which the index is published.

1-12    2.  On or before December 15 of each year, the administrator shall

1-13  determine the amount of the increase, if any, required by this section. As

1-14  soon as practicable after making that determination, the administrator

1-15  shall:

1-16    (a) Prepare a written notice setting forth:

1-17      (1) The amount of the increase in compensation for a permanent

1-18  total disability or permanent partial disability required to be paid to

1-19  claimants for the year after the year in which he makes the

1-20  determination; or

2-1       (2) If the administrator determines that an increase in that

2-2  compensation is not required for that year, a statement indicating that

2-3  fact; and

2-4    (b) Provide the written notice to each insurer.

2-5    Sec. 2.  The amount of any increase in compensation required pursuant

2-6  to section 1 of this act must not be paid for any period before January 1,

2-7  2002.

2-8    Sec. 3.  This act becomes effective on July 1, 2001.

 

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