1. 1. An association of self-insured public employers may merge with another association of self-insured public employers if:

   1. (a) The resulting association assumes in full all obligations of the merging associations; and
   2. (b) The merger is approved by the Commissioner.

2. 2. An association of self-insured private employers may merge with another association of self-insured private employers if:

   1. (a) The members of the merging associations are engaged in the same or similar trade;
   2. (b) The resulting association assumes in full all obligations of the merging associations; and
   3. (c) The merger is approved by the Commissioner.
3. 3. The Commissioner shall conduct a hearing on the proposed merger if any member of the merging associations so requests. The Commissioner may on his or her own motion conduct such a hearing.

(Added to NRS by 1993, 675; A 1995, 1984)—(Substituted in revision for NRS 616.37947)