Nevada § 287.029 - Money for coverage for group insurance for officers and employees of school district provided through self-insurance reserve fund or other self-funded system to be deposited in trust fund or held in trust; limitations on use of such money
Full text of Nevada Nevada Revised Statutes § 287.029 — Money for coverage for group insurance for officers and employees of school district provided through self-insurance reserve fund or other self-funded system to be deposited in trust fund or held in trust; limitations on use of such money, with citation guidance and answers to common questions.
§ 287.029. Money for coverage for group insurance for officers and employees of school district provided through self-insurance reserve fund or other self-funded system to be deposited in trust fund or held in trust; limitations on use of such money
1. If the governing body of a school district: (a) Provides group life, accident or health coverage through a self-insurance reserve
fund as described in paragraph (c) of subsection 1 of NRS 287.010 ; or (b) Establishes or carries into effect any other system of self-funded life, accident
or health coverage, any money that is paid toward such coverage by officers and employees of the school
district in the form of contributions, deductions and premiums, and any money that
is set aside by the school district for the matching of contributions, or for the
defraying of costs pursuant to paragraph (d) of subsection 1 of NRS 287.010 , must be deposited in a trust fund or otherwise held in trust for the benefit of
the officers and employees of the school district. 2. Money that is deposited in a trust fund or otherwise held in trust pursuant to
subsection 1: (a) Must be used only for the purpose of funding, maintaining, operating and administering
the program or system of group insurance; (b) Must not be loaned to the school district or the board of trustees of the school
district or its agent or any other governmental entity; and (c) May be invested in any reasonable and prudent manner, except that such money must
not be invested to purchase any obligations of the school district or the board of
trustees of the school district or its agent. All interest and income earned on the money in the fund must be deposited in the
fund.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 287.029
What does Nevada Revised Statutes § 287.029 cover?
Section 287.029 ("Money for coverage for group insurance for officers and employees of school district provided through self-insurance reserve fund or other self-funded system to be deposited in trust fund or held in trust; limitations on use of such money") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 287.029?
A common citation format is "Nevada Revised Statutes § 287.029" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 287.029 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.