Nev. Admin. Code § 426.388

Current through December 12, 2024

Section 426.388 - Reimbursement of operators for purchase of life insurance policies

1. The Bureau will make available not more than $1,000 annually for each operator of a vending facility to reimburse each operator for premiums that the operator paid for the purchase of a life insurance policy from an insurer licensed to do business in this State if:

(a) A majority of the Nevada Committee of Vendors Who Are Blind approves the amount to be made available; and

(b) The Legislature authorizes the expenditure of money for such a purpose.

2. The Bureau will make available the money described in subsection 1 from revenue which is:

(a) Accrued from vending machines that are not located on federal property; and

(b) Not otherwise assigned pursuant to the provisions of NAC 426.225.

3. The Bureau, in consultation with the Nevada Committee of Vendors Who Are Blind, will establish policies and procedures relating to:

(a) The eligibility of an operator to receive reimbursement for premiums that the operator paid for the purchase of a life insurance policy pursuant to this section; and

(b) The process the Bureau and such an operator will follow for the reimbursement of premiums that the operator paid for the purchase of a life insurance policy pursuant to this section.

Nev. Admin. Code § 426.388

Added to NAC by Bur. of Services to Persons Who Are Blind or Vis. Impaired by R175-09, eff. 6-30-2010

NRS 426.560, 426.670, 426.675