Nevada Administrative Code
Chapter 687B - Contracts of Insurance
CONTRACTS FOR LONG-TERM CARE
Section 687B.1075 - Exceptional increases
Universal Citation: NV Admin Code 687B.1075
Current through December 31, 2024
1. Except as otherwise provided in NAC 687B.107, an exceptional increase is subject to the same requirements as other premium rate schedule increases.
2. The Commissioner may request a review by an independent actuary or a professional actuarial body of the basis for a request that a premium rate increase be considered an exceptional increase.
3. The Commissioner, in determining whether the necessary basis for an exceptional increase exists, will also determine any potential offsets to higher claims costs.
Added to NAC by Comm'r of Insurance by R028-10, 12-16-2010, eff. 10-1-2011
NRS 679B.130
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
