1.  Where the employer, as provided in chapters 616A to 616D, inclusive, of NRS, has given notice of an election to accept the terms of those chapters, and the employee has not given notice of an election to reject the terms of those chapters, the employer shall provide and secure, and the employee shall accept, compensation in the manner provided in those chapters for all personal injuries sustained arising out of and in the course of the employment.

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2.  Every employer electing to be governed by the provisions of chapters 616A to 616D, inclusive, of NRS, before becoming entitled to receive the benefits of those chapters, must comply with all conditions and provisions of those chapters during the period of such election.

3.  Failure on the part of any employer to provide industrial insurance as required by the provisions of chapters 616A to 616D, inclusive, of NRS operates as a rejection of the terms of those chapters. If an employer rejects those chapters, or any of their terms, the employer shall post a notice of rejection of the terms of those chapters upon the employer’s premises in a conspicuous place. The employer at all times shall maintain the notice or notices so provided for the information of his or her employees.