NAC695F.490. Evidence of coverage: Submission of actuarial memorandum.

Latest version.

An organization shall, when it files with the Commissioner any evidence of coverage or notice of a material change in any evidence of coverage, submit to the Commissioner an actuarial memorandum which demonstrates:

1. The development of rates; and

2. The reasonableness of benefits in relation to the premiums charged.

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

                    
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