Nevada § 287.044 - Payment of premiums or contributions to Program; coverage of dependents; allocation of money paid to Program; establishment of Active Employee Group Insurance Subsidy Account

§ 287.044. Payment of premiums or contributions to Program; coverage of dependents; allocation of money paid to Program; establishment of Active Employee Group Insurance Subsidy Account

1. Except as otherwise provided in subsection 2, each participating state agency shall

pay to the Program an amount specified by law for every state officer or employee

who is employed by a participating public agency on a permanent and full-time basis

and elects to participate in the Program. 2. A member of the Senate or Assembly who elects to participate in the Program shall

pay the entire premium or contribution for the member's insurance. 3. State officers and employees who elect to participate in the Program must authorize

deductions from their compensation for the payment of premiums or contributions for

the Program. Any deduction from the compensation of a state officer or employee for the payment

of such a premium or contribution must be based on the actual amount of the premium

or contribution after deducting any amount allocated by the Board pursuant to subsection

6. 4. If a state officer or employee chooses to cover any dependents, whenever this option

is made available by the Board, except as otherwise provided in NRS 287.021 and 287.0477 , the state officer or employee must pay the difference between the amount of the

premium or contribution for the coverage for the state officer or employee and such

dependents and any amount allocated by the Board pursuant to subsection 6. 5. A participating state agency shall not pay any part of those premiums or contributions

if the group life insurance or group accident or health insurance is not approved

by the Board. 6. The Board may allocate the money paid to the Program pursuant to subsection 1 between

the cost of premiums and contributions for group insurance for each state officer

or employee, except a member of the Senate or Assembly, and the dependents of each

state officer or employee. 7. Any amounts paid to the Program pursuant to subsection 1 must be deposited in the

Active Employee Group Insurance Subsidy Account, which is hereby established within

the Agency Fund for the Payroll of the State created by NRS 227.130 . Money in the Account must be used solely for the purposes of subsections 1 and 6. The interest and income earned on the money in the Account, after deducting any

applicable charges, must be credited to the Account.