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

NAC687B.021. “Exceptional increase” defined.

Latest version.

“Exceptional increase” means an increase which is filed by an insurer as exceptional and for which the Commissioner determines the need for the premium rate increase is justified:

1. Because of changes in laws or regulations applicable to long-term care insurance coverage in this State; or

2. Because of increased and unexpected utilization that affects the majority of insurers of similar products.

(Added to NAC by Comm’r of Insurance by R028-10, 12-16-2010, eff. 10-1-2011)

                    
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