Nebraska Administrative Code
Topic - INSURANCE, DEPARTMENT OF
Title 210 - NEBRASKA DEPARTMENT OF INSURANCE
Chapter 22 - CREDIT LIFE, ACCIDENT AND HEALTH INSURANCE
Section 210-22-007 - Experience statistics - (earned and accrued basis)

Universal Citation: 210 NE Admin Rules and Regs ch 22 ยง 007

Current through March 20, 2024

Each insurer writing insurance subject to the Act shall maintain the following statistics with respect to such insurance business on either a calendar-year or policy-year basis:

(a) gross premium received,

(b) refunds of premiums on terminated insurance,

(c) increase in unearned premium reserve,

(d) earned premiums,

(e) claims paid,

(f) increase in claim reserve,

(g) claims incurred,

(h) reserve increases other than (c) and (f),

(i) commissions,

(j) fees and allowances,

(k) dividends and experience rating refunds,

(l) mean amount of life insurance in force, and

(m) mean number of individual policies in force during the calendar year. Such statistics shall be subject to call by the Director of Insurance from time to time and shall be maintained in a manner which will facilitate the demonstration of each statistical item with respect to:

007.01 each distinctive type or plan of group insurance coverage;

007.02 each distinctive type or plan of individual insurance coverage;

007.03 reinsurance assumed in connection with coverages described in 007.01 and 007.02;

007.04 classifications 007.01, 007.02, and 007.03 restricted to risks residing in Nebraska;

007.05 classifications 007.01, 007.02, and 007.03 encompassing all risks wherever they may reside.

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