Nevada Administrative Code
Chapter 686B - Rates and Essential Insurance
FILING AND USE OF LOSS COSTS
Section 686B.420 - "Rate" defined
Universal Citation: NV Admin Code 686B.420
Current through September 16, 2024
"Rate" means the cost of insurance per exposure unit and may be expressed as a single number or as prospective loss costs that include an adjustment to account for the treatment of expenses, profit and variations in loss experience before individual risk variations based on loss or expense are applied. The term does not include minimum premiums.
Added to NAC by Comm'r of Insurance, eff. 6-20-90
NRS 679B.130, 686B.070, 686B.100
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