Persons who perform volunteer work in any formal program which is being conducted:

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1.  Within a state or local public organization;

2.  By a federally assisted organization; or

3.  By a private, incorporated, nonprofit organization which provides services to the general community, and who are not specifically covered by any other provisions of chapters 616A to 616D, inclusive, of NRS, while engaged in such volunteer work, may be deemed by an insurer, for the purposes of those chapters, as employees of that organization at a wage of $100 per month. Such persons are entitled to the benefits of those chapters when the organization approves coverage and complies with the provisions of those chapters and regulations adopted pursuant to them.