Nevada Administrative Code
Chapter 689B - Group and Blanket Health Insurance
GUARANTEED ASSOCIATIONS
Section 689B.097 - Annual approval of actuarial memorandum and applicable rates; submission of additional information
Universal Citation: NV Admin Code 689B.097
Current through February 27, 2024
1. The actuarial memorandum required by NAC 689B.095 and the applicable rates must be submitted to and approved by the Commissioner annually.
2. After the submission of the initial actuarial memorandum, each subsequent actuarial memorandum submitted to the Commissioner by the insurer must, in addition to the items required by NAC 689B.095, include, without limitation:
(a) All
changes in rates from the inception of coverage;
(b) Any changes in actuarial
assumptions;
(c) All loss ratios
from the inception of coverage;
(d)
If a change in rates is being proposed, projections of the loss ratio both
before and after the rate change; and
(e) The number of members in the guaranteed
association.
Added to NAC by Comm'r of Insurance by R111-07, eff. 1-30-2008
NRS 679B.130, 689B.0265
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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