1. An insurer that makes payments of compensation to an injured employee for a permanent total disability shall provide to the injured employee an annual accounting in the form of a letter that sets forth with respect to the payments:

(a) The total amount of the compensation for the permanent total disability that the injured employee is entitled to receive, before any deductions are made;

(b) The net amount of the current payment for the compensation;

(c) The amount of any deduction that is made against the total amount of the compensation, if any; and

(d) If a deduction is being made against the total amount of the compensation to repay any previous awards of compensation for a permanent partial disability:

(1) The amount of the deduction;

(2) The claim number for each of those awards; and

(3) The balance of each of those awards.

2. An injured employee may request in writing from the insurer an accounting described in subsection 1. The accounting must cover the period from the date on which the most recent annual accounting was provided to the injured employee pursuant to subsection 1 to the date on which the written request is made. The insurer shall provide the accounting to the injured employee not later than 30 days after receiving the written request for the accounting from the injured employee. Any accounting provided by an insurer to an injured employee pursuant to this subsection must be provided in addition to, and not in lieu of, the annual accountings required pursuant to subsection 1.

(Added to NRS by 2005, 1490)