NAC691C.060. Actuarial justification of filed rates.

Rates filed pursuant to NRS 691C.320 must be actuarially justified based on:

     1. Actual and expected loss experience;

     2. General and administrative expenses;

     3. Loss settlement and adjustment expenses;

     4. Reasonable producer compensation;

     5. The manner in which premiums are charged;

     6. Other acquisition costs;

     7. Reserves;

     8. Taxes;

     9. Regulatory license fees and fund assessments;

     10. Reasonable insurer profit; and

     11. Other relevant data consistent with generally accepted actuarial standards.

     (Added to NAC by Comm’r of Insurance by R132-05, eff. 10-31-2005)