Nevada Administrative Code (Last Updated: January 6, 2015)

NAC679B.158. Determination of amount of fee imposed by statute; notice.

Latest version.

1. The Commissioner will annually determine the amount of the fee required under NRS 679B.450 by dividing the amount of money appropriated by the Legislature for the support of the insurance cost stabilization activities outlined in NRS 679B.400 to 679B.460, inclusive, by the number of insurers authorized to transact casualty or property insurance in this State.

2. The Division will mail to each insurer required to pay the fee a notice of the amount of the fee on or before August 1 of each year.

(Added to NAC by Comm’r of Insurance, eff. 3-30-94)

                    
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