Revises provisions relating to captive insurers. (BDR 57-884)

AB 318 allows captive insurers (companies that insure only their parent company's risks) to directly provide workers' compensation insurance, which was previously prohibited. It also authorizes the Insurance Commissioner to require these insurers to join state risk pools or guaranty funds for workers' comp claims and receive benefits from them. Additionally, the bill revises rules to let captive insurers offering industrial insurance (typically for small businesses) meet specific financial security requirements instead of needing separate authorization. This directly affects captive insurers and the Insurance Commissioner's regulatory authority under Nevada law.