Nevada Administrative Code
Chapter 686B - Rates and Essential Insurance
FILING AND USE OF LOSS COSTS
Section 686B.460 - Refiling of previously approved rates and loss costs; use of previously filed rates, loss costs and deviations

Universal Citation: NV Admin Code 686B.460

Current through September 16, 2024

1. Except as otherwise provided in subsection 2, NAC 686B.400 to 686B.460, inclusive, do not require a rate service organization or its participating insurers to refile a rate or loss cost previously approved by the Commissioner.

2. A participating insurer of a rate service organization may continue to use any rate, loss cost or deviation filed and approved for its use until:

(a) The rate, loss cost or deviation is disapproved; or

(b) The insurer makes its own filing to change its rate by making an independent filing or by filing a reference filing adoption form that adopts the prospective rates or loss costs of a rate service organization or an adjustment to the prospective rates or loss costs by the insurer.

3. The provisions of this section do not apply to the filing of a rate, loss cost or deviation relating to a policy of industrial insurance.

Added to NAC by Comm'r of Insurance, eff. 6-20-90; A by R099-06, 6-28-2006

NRS 679B.130, 686B.070, 686B.100

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