Heat oil in large skillet over medium-high heat. Sauté chili meat, onions and garlic until meat is no longer pink.
Stir in water, tomato sauce, seasoning and rice. Cover and simmer 15 minutes. Remove cover and stir in beans.
Sprinkle cheese blend on top. Cover and heat over low heat until cheese is melted, about 5-6 minutes.
Sprinkle with tomatoes, olives and green onions. Sprinkle corn chips around edge of skillet.