NRS616A.330. “Tangible net worth” defined.

Latest version.

“Tangible net worth” means the value of all the assets, minus the value of all the liabilities, of an association of self-insured private employers or of a member of such an association except:

1. Goodwill or excess cost over the fair market value of assets.

2. Any other items listed in the assets that are deemed unacceptable by the Commissioner because they cannot be justified or because they do not directly support the ability of the association or the member to pay a claim.

(Added to NRS by 1995, 1974; A 2007, 3333)

                    
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