1. 1. An employer who is certified as a self-insured employer directly assumes the responsibility for providing compensation due his or her employees and their beneficiaries under this chapter.
2. 2. A self-insured employer is not required to pay the contributions required of other employers by NRS 617.1665.
3. 3. The claims of employees and their beneficiaries resulting from occupational diseases while in the employment of self-insured employers must be handled in the manner provided by this chapter, and the self-insured employer is subject to the regulations of the Division with respect thereto.
4. 4. The security deposited pursuant to NRS 616B.300 does not relieve the employer from responsibility for the administration of claims and payment of compensation under this chapter.
5. 5. A self-insured employer qualifying under the provisions of this chapter must comply with the provisions of NRS 616B.300.

(Added to NRS by 1979, 1061; A 1981, 1499; 1993, 1876)