NAC686B.843. Filing requirements for final rates and loss cost multipliers; use of loss cost multipliers.

     1. For each filing of final rates or loss cost multipliers for policies of industrial insurance made pursuant to NRS 686B.1775, the insurer:

     (a) Shall complete and include, without limitation:

          (1) If an expense constant applies, Expense Worksheet A, which is prescribed by the Commissioner; or

          (2) If an expense constant does not apply, Expense Worksheet B, which is prescribed by the Commissioner.

     (b) Shall include, without limitation, reference to the premium discount tables which apply and the rules for applying the discounts.

     (c) Except as otherwise provided in paragraph (d), may continue to use the loss cost multipliers filed until:

          (1) The loss cost multipliers are disapproved by the Commissioner; or

          (2) The insurer submits a new filing to replace the loss cost multipliers previously filed.

     (d) Unless the Commissioner has explicitly approved otherwise, shall use the current loss cost multipliers filed by the Advisory Organization in accordance with the anniversary rating date rule in the manuals of rating rules approved by the Commissioner pursuant to NRS 686B.177.

     2. As used in this section, “expense constant” means a premium charged to each policy of industrial insurance regardless of the size of the policy.

     (Added to NAC by Comm’r of Insurance by R099-06, eff. 6-28-2006)