Revises provisions relating to industrial insurance. (BDR 53-325)

AB 332 modifies Nevada's industrial insurance laws for self-insured employers and their associations. It removes restrictions preventing administrators and third-party administrators from having financial ties (Section 4), eliminates an extra surety bond requirement for third-party administrators (Section 2), and ends annual assessments funding the Subsequent Injury Account (Sections 6, 9, 12). The bill also sets a deadline of September 30, 2025, for claims under this account (Sections 7, 8, 10-14) and eliminates a $36,000 annual pay cap used to calculate insurance premiums (Sections 15, 18). These changes directly affect self-insured employers, their associations, and the administration of workers' compensation claims.