Nevada Administrative Code
Chapter 681B - Insurance: Assets and Liabilities
RISK-BASED CAPITAL OF INSURERS
Miscellaneous Provisions
Section 681B.595 - Use of information by Commissioner

Universal Citation: NV Admin Code 681B.595

Current through September 16, 2024

1. The Commissioner will use the instructions relating to risk-based capital and any report, adjusted report, or plan or revised plan for risk-based capital submitted to the Commissioner or in his or her possession pursuant to NAC 681B.400 to 681B.595, inclusive, and sections 2, 3 and 4 only to monitor the solvency of insurers or health organization transacting insurance in this State and to determine the need for corrective action with respect to the solvency of those insurers or health organization.

2. Unless otherwise authorized by specific statute, the Commissioner will not:

(a) Use any information contained in the instructions relating to risk-based capital or any report, adjusted report, plan or revised plan in making or determining rates for insurers or health organization transacting insurance in this State;

(b) Consider or introduce such information as evidence in any rate proceeding; or

(c) Use such information to calculate or derive any elements of an appropriate premium level or rate of return for any line of insurance that an insurer an insurer or health organization or any affiliate of the insurer or health organization is authorized to write.

Added to NAC by Comm'r of Insurance by R088-97, eff. 3-19-98; A by R132-13, eff. 10/1/2014

NRS 679B.130, 681B.290

Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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