1. Except as otherwise provided in subsection 2, an insurer shall not issue a policy of industrial insurance to an employer that does not cover each employee of that employer who satisfies the definition of employee set forth in NRS 616A.105 to 616A.225, inclusive.
2. If the employer is a contractor or subcontractor who is engaged in the construction of a project that is covered by a consolidated insurance program established pursuant to NRS 616B.710 to 616B.737, inclusive, an insurer may issue a policy of industrial insurance to that employer which does not cover an employee who:
(a) Is assigned to participate in the construction of the project that is covered by the consolidated insurance program; and
(b) Works exclusively at the site of the construction project that is covered by the consolidated insurance program.
(Added to NRS by 1999, 1715; A 2001, 2448; 2011, 948)