Revises provisions relating to associations of self-insured employers. (BDR 53-198)

SB 345 revises rules for associations of self-insured employers (groups where multiple employers pool industrial insurance risk instead of buying traditional coverage). It requires all members to operate in related industry activities, prohibits associations from distributing dividends to members, and mandates that annual assessments cover only administration and claims (not profits). The bill also sets a $250,000 minimum self-insured retention for excess insurance policies and requires the Commissioner to verify assessment reasonableness annually. These changes directly affect public and private employer associations, their members, and board trustees operating under Nevada’s industrial insurance laws.