Assembly Bill No. 294–Assemblymen Conklin, Oceguera, Giunchigliani, Horne, Ohrenschall, Anderson, Arberry, Atkinson, Buckley, Carpenter, Chowning, Claborn, Collins, Geddes, Goldwater, Gustavson, Koivisto, Leslie, Manendo, McClain, McCleary, Mortenson, Parks, Perkins, Pierce, Sherer and Williams

 

March 13, 2003

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Joint Sponsors: Senators Carlton and Wiener

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Referred to Committee on Commerce and Labor

 

SUMMARY—Prohibits insurer from issuing check that includes restrictive endorsement or other declaration as condition for negotiation of check for payment of certain benefits for industrial insurance. (BDR 53‑1122)

 

FISCAL NOTE:  Effect on Local Government: No.

                           Effect on the State: No.

 

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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; prohibiting an insurer from issuing a check that includes a restrictive endorsement or other declaration as a condition for negotiation of the check for the payment of certain benefits for industrial insurance; 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

1-2  thereto a new section to read as follows:

1-3  An insurer shall not issue a check pursuant to the provisions of

1-4  chapters 616A to 616D, inclusive, or 617 of NRS for the payment

2-1  of temporary total disability, temporary partial disability,

2-2  permanent total disability, permanent partial disability or

2-3  rehabilitation maintenance benefits that includes a restrictive

2-4  endorsement or other declaration that must be signed or

2-5  acknowledged by the endorser as a condition for negotiation of the

2-6  check.

2-7  Sec. 2.  This act becomes effective on July 1, 2003.

 

2-8  H