Workers Comp insolvency Claims

The State of Nevada is seeking a third-party administrator to manage workers' compensation claims for insolvent self-insured employers and associations. The selected vendor will be responsible for claim management, excess recovery and subrogation, administration, and settlement in consultation with Division staff and in accordance with Nevada laws. The contract will begin on January 1, 2021, and terminate on December 31, 2024. The vendor will be required to provide monthly loss runs, quarterly summary reports, and other documentation to the Division. • The vendor will be responsible for integrating electronic and hard copy claim files into their system. • The vendor will be required to meet with Division staff at least quarterly to discuss activity on each file. • The vendor will be responsible for providing monthly reports to the Division, including claims cost details and claims activity reports. • The vendor will be required to comply with Division requirements for banking, use of state account, and filing weekly check registers. • The vendor will be responsible for establishing, setting up, and transitioning claims payments with the designated state insolvency fund banking account.