Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter691C Credit Personal Property Insurance |
NAC691C.170. Guaranteed asset protection insurance: Recommended premium rates.
Latest version.
- For a policy of guaranteed asset protection insurance, the recommended premium rates are as follows:
Term
Recommended Premium Rate
Suggested Commission
Percent of Commission
Company Retained Amount
1-48 months
$285
$85
30%
$200
49-60 months
$342
$102
30%
$240
61-72 months
$412
$124
30%
$288
73-84 months
$495
$149
30%
$346
85-96 months
$594
$178
30%
$416
97-108 months
$713
$214
30%
$499
109-120 months
$855
$256
30%
$599
(Added to NAC by Comm’r of Insurance by R114-06, 3-23-2007, eff. 4-1-2007)