NAC686B.440. Reference filings containing advisory prospective loss costs; requirements for filing of rates; adjustments to prospective loss costs.

     1. A rate service organization may develop and make a reference filing containing advisory prospective loss costs.

     2. The reference filing must:

     (a) Contain statistical data and supporting information for any calculation or assumption underlying the prospective loss costs; and

     (b) Be filed and effective in the same manner as rates filed pursuant to chapter 686B of NRS.

     3. An insurer may make a filing of rates by:

     (a) Becoming a participating insurer of a licensed rate service organization that makes reference filings of advisory prospective loss costs;

     (b) Filing with the Commissioner the information required by NAC 686B.445; and

     (c) Authorizing the Commissioner to accept a reference filing on its behalf.

     4. The rates of the insurer must include:

     (a) The prospective loss costs filed by the rate service organization pursuant to subsection 1; and

     (b) Any adjustment to the prospective loss costs filed as required by NAC 686B.445 that are in effect for that insurer.

     5. The filing of an adjustment to the prospective loss costs by an insurer becomes effective in the same manner as rates filed pursuant to chapter 686B of NRS.

     (Added to NAC by Comm’r of Insurance, eff. 6-20-90)