NAC695F.460. Filing of notice for modification of rates, charges, benefits, organization, operations, documents or services.

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An organization shall file the notice required by NRS 695F.170 at least 30 days before it desires a change in its charges to become effective. The notice must be accompanied by:

1. The loss experience or factor for modification, which must be clearly defined and supported by documents maintained as a part of the organization’s records.

2. Certification by a qualified actuary, with adequate supporting documentation, that the proposed charges are not excessive, inadequate or unfairly discriminatory.

(Added to NAC by Comm’r of Insurance, eff. 2-3-97)

                    
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