Nevada § 616B.040 - Creation; source; investments
Full text of Nevada Nevada Revised Statutes § 616B.040 — Creation; source; investments, with citation guidance and answers to common questions.
§ 616B.040. Creation; source; investments
1. There is hereby established in the State Treasury the State Insurance Fund. The Commissioner shall administer the Fund. 2. The money in the Fund may be invested by the State Treasurer in accordance with
the provisions of NRS 355.140 , 355.150 and 355.160 . 3. Any money delivered to the Commissioner pursuant to NRS 616B.042 and 696B.360 must be deposited in the Fund and be held in trust by the Commissioner as custodian
thereof for the purpose of providing compensation for industrial accidents and occupational
diseases and for administrative expenses incidental thereto.
Frequently Asked Questions About Nevada § 616B.040
What does Nevada Revised Statutes § 616B.040 cover?
Section 616B.040 ("Creation; source; investments") 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 § 616B.040?
A common citation format is "Nevada Revised Statutes § 616B.040" (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 § 616B.040 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.