Nevada § 277.067 - Cooperative agreements concerning insurance: Political subdivisions, state agencies or Nevada System of Higher Education may enter into agreement; approval of Board of Public Employees' Benefits Program required under certain circumstances; establishment of separate entity

§ 277.067. Cooperative agreements concerning insurance: Political subdivisions, state agencies or Nevada System of Higher Education may enter into agreement; approval of Board of Public Employees' Benefits Program required under certain circumstances; establishment of separate entity

1. Except as otherwise provided in subsection 2, any two or more political subdivisions

of this State, agencies of the State or the Nevada System of Higher Education may

enter into a cooperative agreement for the purchase of insurance or the establishment

of a self-insurance reserve or fund for coverage under a plan of: (a) Casualty insurance, as that term is defined in NRS 681A.020 ; (b) Marine and transportation insurance, as that term is defined in NRS 681A.050 ; (c) Property insurance, as that term is defined in NRS 681A.060 ; (d) Surety insurance, as that term is defined in NRS 681A.070 ; (e) Health insurance, as that term is defined in NRS 681A.030 ; or (f) Insurance for any combination of these kinds of protection. 2. Any political subdivision of the State, any agency of the State or the Nevada System

of Higher Education which participates in the Public Employees' Benefits Program shall

obtain the approval of the Board of the Public Employees' Benefits Program before

it enters into a cooperative agreement for the purchase of health insurance pursuant

to paragraph (e) of subsection 1. 3. Any such agreement may obligate the respective parties to pledge revenues or contribute

money to secure the obligations or pay the expenses of the cooperative undertaking

and may provide for the establishment of a separate entity to administer the undertaking.