Large-deductible agreement defined.

Nev. Rev. Stat. § 686B.17595

in effect

Large-deductible agreement means any combination of one or more policies, endorsements, contracts or security arrangements, which provide for the policyholder to bear the risk of loss of a specified amount of $25,000 or more per claim or occurrence covered under a policy of industrial insurance and which may be subject to an aggregate limit of the policyholders reimbursement obligations.