Nevada Administrative Code
Chapter 691C - Credit Personal Property Insurance
Section 691C.060 - Actuarial justification of filed rates

Universal Citation: NV Admin Code 691C.060

Current through September 16, 2024

Rates filed pursuant to NRS 691C.320 must be actuarially justified based on:

1. Actual and expected loss experience;

2. General and administrative expenses;

3. Loss settlement and adjustment expenses;

4. Reasonable producer compensation;

5. The manner in which premiums are charged;

6. Other acquisition costs;

7. Reserves;

8. Taxes;

9. Regulatory license fees and fund assessments;

10. Reasonable insurer profit; and

11. Other relevant data consistent with generally accepted actuarial standards.

Added to NAC by Comm'r of Insurance by R132-05, eff. 10-31-2005

NRS 679B.130, 691C.320, 691C.430

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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