Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter686B Rates and Essential Insurance |
FILING AND USE OF LOSS COSTS |
NAC686B.455. Requirements for filing of final rate pages and submission of rates.
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1. If the final rates of an insurer are determined by applying its adjustment to the prospective loss costs, as presented in the reference filing adoption form, to the prospective loss costs that are contained in the reference filing and printed in the rating manual of the rating organization, the insurer is not required to develop or file its final rate pages with the Commissioner.
2. If an insurer prints and distributes final rate pages for its own use and the rates are based on the application of its filed adjustments to the prospective loss costs of a rating organization, the insurer must file those pages with the Commissioner.
3. If a rating organization does not print prospective loss costs in its rating manual, the insurer must submit its rates to the Commissioner.
(Added to NAC by Comm’r of Insurance, eff. 6-20-90)