reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 686A - Insurance: Trade Practices and Frauds › USE OF CONSUMER CREDIT INFORMATION › Section 686A.710 - Consumer credit reports and insurance scores: Period of use

Current through June 11, 2024
1. For the purposes of paragraph (f) of
			 subsection 1 of
			 NRS
			 686A.680, as amended by section 33 of
			 Assembly Bill No. 83, chapter 376, Statutes of Nevada 2017, at page 2341, if a
			 company issues more than one policy under a line of business based on the same
			 credit information and the policies have different effective dates, the 90-day
			 period described in paragraph (f) of subsection 1 of
			 NRS
			 686A.680, as amended by section 33 of
			 Assembly Bill No. 83, chapter 376, Statutes of Nevada 2017, at page 2341, shall
			 be deemed to apply to the policy with the earliest effective date.
2. If there is an addition or renewal of a
			 policy under the line of business, the consumer credit report or insurance
			 score used on the policy with the earliest effective date may be used at the
			 addition or renewal of policies under the line of business .
Added to NAC by Comm'r
				of Insurance by R111-04, eff. 5-24-2005; A by
				R027-17A,
				eff. 12/19/2017
NRS
				679B.130,
				686A.680,
				as amended by section 33 of Assembly Bill No. 83, chapter 376, Statutes of
				Nevada 2017, at page 2341
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › Section 686B.Sec. 1 - NEW

Current through June 11, 2024
Chapter 686B of NAC is hereby amended by adding thereto a new
			 section to read as follows:
1. An
		  actuarial review conducted pursuant to
		  NRS
		  686B.112 of rates filed for a health or
		  dental plan issued pursuant to the provisions of chapter 689A, 689B, 689C,
		  695B, 695C, 695D or 695F of NRS that is offered for sale on the individual
		  market or small group market must meet the requirements prescribed by
		  45 C.F.R.
		  §
								154.301 for an Effective Rate Review
		  Program.
2. The Commissioner:
(a) Will not conduct an actuarial review
		  pursuant to
		  NRS
		  686B.112 of rates filed for a health or
		  dental plan issued pursuant to the provisions of chapter 689A, 689B, 689C,
		  695B, 695C, 695D or 695F of NRS that is not offered for sale on the individual
		  market or small group market; and
(b) Will review the rates filed for such a
		  health or dental plan to determine compliance with the requirements of
		  NRS
		  686B.050.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › GENERAL PROVISIONS › Section 686B.005 - Definitions

Current through June 11, 2024
As used in this chapter, unless the context otherwise
				requires:
1. "Commissioner" means the
			 Commissioner of Insurance.
2.
			 "Division" means the Division of Insurance of the Department of Business and
			 Industry.
Supplied in
				codification
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › GENERAL PROVISIONS › Section 686B.100 - Electronic filing of rates, rules and forms and payment of fees

Current through June 11, 2024
1. Any rate, rule or form required to be
			 filed pursuant to the provisions of chapter 686B of NRS must be filed in
			 accordance with the System for Electronic Rate and Form Filing developed and
			 implemented by the National Association of Insurance Commissioners.
2. Any fee required when filing a rate, rule
			 or form pursuant to
			 NRS
			 680B.010 must be paid using the Electronic
			 Funds Transfer function within the System for Electronic Rate and Form
			 Filing.
Added to NAC by Comm'r
				of Insurance by R115-02, eff. 3-18-2003; A by R097-10, 12-16-2010, eff.
				12-31-2010
NRS
				  679B.130,
				  679B.136,
				  680B.010
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.300 - Definitions

Current through June 11, 2024
As used in NAC 686B.300 to 686B.395, inclusive, unless the
				context otherwise requires, the words and terms defined in NAC 686B.308 to
				686B.338, inclusive, have the meanings ascribed to them in those
				sections.
Added to NAC by Comm'r
				of Insurance, eff. 1-12-89; A by R098-10,
				12-16-2010
NRS
				  679B.130,
				  679B.430,
				  686B.160
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.308 - "Annual statement" defined

Current through June 11, 2024
"Annual statement" means the annual report of an insurer as of
				each December 31, which provides detailed information on assets and
				liabilities, including data on premiums, losses, reserves, expenses, dividends,
				taxes and investments.
Added to NAC by Comm'r
				of Insurance, eff. 1-12-89
NRS
				  679B.130,
				  679B.430,
				  686B.160
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.314 - "Fast track reports" defined

Current through June 11, 2024
"Fast track reports" means information generated from the
				National Association of Insurance Commissioners' fast track monitoring system
				that gives a sampling of significant data for property and casualty insurance
				on a quarterly basis by insurers comprising a major segment of the market for
				the types of insurance indicated.
Added to NAC by Comm'r
				of Insurance, eff. 1-12-89; A 12-9-91
NRS
				  679B.130,
				  679B.430,
				  686B.160
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.318 - "Insurance expense exhibit" defined

Current through June 11, 2024
"Insurance expense exhibit" means the supplement to an
				insurer's annual statement which provides a detailed analysis of expenses on a
				net basis for all types of business.
Added to NAC by Comm'r
				of Insurance, eff. 1-12-89
NRS
				  679B.130,
				  679B.430,
				  686B.160
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.324 - "NAIC" defined

Current through June 11, 2024
"NAIC" means the National Association of Insurance
				Commissioners.
Added to NAC by Comm'r
				of Insurance, eff. 1-12-89
NRS
				  679B.130,
				  679B.430,
				  686B.160
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.331 - "Participating insurer" defined

Current through June 11, 2024
"Participating insurer" means an insurer licensed to transact
				the business of property and casualty insurance in this State which is a member
				of or subscribes to the services of a licensed rate service
				organization.
Added to NAC by Comm'r
				of Insurance, eff. 1-12-89; A by
				R089-17AP,
				eff. 5/16/2018
NRS 679B.130,
				679B.430 and
				686B.160
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.336 - "Statistical agent" defined

Current through June 11, 2024
"Statistical agent" means an organization designated by the
				Commissioner to gather and compile statistical data relating to the experience
				of insurers.
Added to NAC by Comm'r
				of Insurance, eff. 1-12-89
NRS
				  679B.130,
				  679B.430,
				  686B.160
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.338 - "Statistical plan" defined

Current through June 11, 2024
"Statistical plan" means a system for collecting and recording
				information relating to insurance premiums, losses, exposures and
				expenses.
Added to NAC by Comm'r
				of Insurance, eff. 1-12-89
NRS
				  679B.130,
				  679B.430,
				  686B.160
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.345 - Agreements for compilation and analysis of data; duties of statistical agents

Current through June 11, 2024
1. The Commissioner
			 may enter into agreements with any qualified data collection service
			 corporation, association or other entity to compile and analyze data collected
			 pursuant to NAC 686B.300 to 686B.395, inclusive.
2. A statistical agent shall:
(a) Collect and compile any data required by
			 NAC 686B.361 to 686B.380, inclusive;
(b) Provide summaries of that information to
			 the Commissioner as he or she may request; and
(c) Make available to the Commissioner a list
			 of any other reports it may compile from that information and furnish a copy of
			 those reports to the Commissioner upon request.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.351 - Financial reports: General requirements

Current through June 11, 2024
As a condition of doing business in this State, each insurer
				licensed to transact the business of property and casualty insurance must, in
				addition to any other reports required, report to the Commissioner financial
				data for the preceding year as follows:
1. An insurance expense exhibit must be filed
			 with the Commissioner on or before April 1 of each year, or on a later date, if
			 appropriate. The exhibit must provide information from across the country on
			 the insurer's expenses for the previous calendar year. The exhibit must be in
			 the form prescribed by the National Association of Insurance Commissioners.
			 Information from the insurer's insurance expense exhibit shall be deemed to be
			 filed with the Commissioner if it is filed at the Central Office of the
			 National Association of Insurance Commissioners, 1100 Walnut Street, Suite
			 1500, Kansas City, Missouri 64106-2197, on or before April 1 of each year. The
			 information must be filed pursuant to the specifications of the National
			 Association of Insurance Commissioners for filing information for an annual
			 statement on diskette.
2. Other
			 schedules or supplements must be filed as required by the Commissioner. Any
			 additional National Association of Insurance Commissioners' schedule required
			 by the Commissioner must be in the form prescribed by the National Association
			 of Insurance Commissioners.
Added to NAC by Comm'r
				of Insurance, eff. 1-12-89; A 12-9-91
NRS
				  679B.130,
				  679B.430,
				  686B.160
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.361 - Statistical reports: Submission of information to statistical agents

Current through June 11, 2024
Each insurer licensed to transact the business of property and
				casualty insurance in this State shall report statistical information regarding
				its experience to at least one of the statistical agents designated by the
				Commissioner. The information must be submitted in the form prescribed by NAC
				686B.365 to 686B.380, inclusive, and specified in the statistical plans adopted
				by the Commissioner.
Added to NAC by Comm'r
				of Insurance, eff. 1-12-89
NRS
				  679B.130,
				  679B.430,
				  686B.160
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.365 - Statistical reports: Submission of annual data

Current through June 11, 2024
At least annually, insurers shall submit to a statistical
				agent, data which conforms to the following specifications:
1. The following types of insurance must be
			 included in the annual data:
(a) Motor
			 vehicle-commercial.
(b) Motor
			 vehicle-private passenger.
(c)
			 Boiler and machinery.
(d)
			 Burglary.
(e) Business
			 owners.
(f) Commercial multiple
			 peril.
(g) Crop-hail.
(h) Farm owners.
(i) Fidelity and surety.
(j) Fire and extended coverage.
(k) General liability.
(l) Glass.
(m) Homeowners.
(n) Inland marine.
(o) Personal property other than
			 homeowners.
(p) Medical
			 professional liability.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.371 - Statistical reports: Submission of data for fast track reports

Current through June 11, 2024
Data necessary to produce fast track reports must be submitted
				to the statistical agents by selected insurers within 45 days after the end of
				the calendar year. The data must be submitted as follows:
1. Fast track quarterly premium and loss data
			 must be submitted for the following types of insurance:
(a) Private passenger liability.
(b) Private passenger physical
			 damage.
(c) Commercial motor
			 vehicle liability.
(d) Commercial
			 motor vehicle physical damage.
(e)
			 Homeowners.
(f) Dwelling
			 fire.
(g) Dwelling allied
			 lines.
(h) Commercial
			 fire.
(i) Commercial allied
			 lines.
(j) Farm business.
(k) Commercial multiple peril.
(l) Liability other than motor
			 vehicle.
(m) Medical
			 malpractice.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.380 - Statistical reports: Submission of fast track reports to Commissioner

Current through June 11, 2024
Statistical agents shall provide fast track reports to the
				Commissioner within 60 days after the close of the calendar quarter for private
				passenger motor vehicle insurance and homeowners insurance. Fast track reports
				for other types of insurance must be provided within 75 days after the close of
				the calendar quarter.
Added to NAC by Comm'r
				of Insurance, eff. 1-12-89; A by R098-10,
				12-16-2010
NRS
				  679B.130,
				  679B.430,
				  686B.160
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.385 - Reporting thresholds (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Insurance, eff. 1-12-89; R by
				R089-17AP,
				eff. 5/16/2018
NRS 679B.130
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.390 - Permission for late submission of reports or data

Current through June 11, 2024
Upon application by a statistical agent or an insurer, the
				Commissioner may allow the submission of a report or statistical data on a date
				which is later than that required by NAC
				686B.300 to
				686B.380, inclusive, if the
				submission of the report or data on the date required would create a
				substantial hardship to the statistical agent or insurer.
Added to NAC by Comm'r
				of Insurance, eff. 1-12-89; A by
				R089-17AP,
				eff. 5/16/2018
NRS 679B.130,
				679B.430 and
				686B.160
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › REPORTING FINANCIAL AND STATISTICAL DATA › Section 686B.395 - Penalties for failure to file information

Current through June 11, 2024
Failure to file the information required by NAC 686B.300 to
				686B.390, inclusive, pursuant to the statistical plan adopted by the
				Commissioner may result in the imposition of the penalties prescribed by
				NRS
				679B.460,
				680A.200
				or
				680A.280.
Added to NAC by Comm'r
				of Insurance, eff. 1-12-89; A by R143-12,
				11-1-2012
NRS
				  679B.130,
				  679B.430,
				  686B.160
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › FILING AND USE OF LOSS COSTS › Section 686B.400 - Definitions

Current through June 11, 2024
As used in NAC 686B.400 to 686B.460, inclusive, unless the
				context otherwise requires, the words and terms defined in NAC 686B.405 to
				686B.430, inclusive, have the meanings ascribed to them in those
				sections.
Added to NAC by Comm'r
				of Insurance, eff. 6-20-90
NRS
				  679B.130,
				  686B.070,
				  686B.100
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › FILING AND USE OF LOSS COSTS › Section 686B.405 - "Advisory prospective loss costs" defined

Current through June 11, 2024
"Advisory prospective loss costs" means the prospective loss
				costs filed by a rate service organization with the Commissioner.
Added to NAC by Comm'r
				of Insurance, eff. 6-20-90
NRS
				  679B.130,
				  686B.070,
				  686B.100
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › FILING AND USE OF LOSS COSTS › Section 686B.409 - "Expenses" defined

Current through June 11, 2024
"Expenses" means the portion of a rate that is attributable to
				the costs of acquisition, field supervision, collection expenses, general
				expenses, taxes, licenses and fees.
Added to NAC by Comm'r
				of Insurance, eff. 6-20-90
NRS
				  679B.130,
				  686B.070,
				  686B.100
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › FILING AND USE OF LOSS COSTS › Section 686B.415 - "Prospective loss costs" defined

Current through June 11, 2024
"Prospective loss costs" means the portion of a rate that is
				based on historical aggregate losses and loss adjustment expenses which are
				adjusted to their ultimate value and projected to a future point in time.
				Except as otherwise provided in this section, the term does not include
				provisions for expenses or profit.
Added to NAC by Comm'r
				of Insurance, eff. 6-20-90
NRS
				  679B.130,
				  686B.070,
				  686B.100
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › FILING AND USE OF LOSS COSTS › Section 686B.420 - "Rate" defined

Current through June 11, 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
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › FILING AND USE OF LOSS COSTS › Section 686B.425 - "Supplementary rate information" defined

Current through June 11, 2024
In addition to the kinds of information listed in subsection 4
				of
				NRS 686B.020,
				"supplementary rate information" includes any classification system, code or
				description of a territory, rating plan and other information needed to
				determine the applicable premium for an insured. The term includes factors and
				relativities such as increased limit factors, classification relativities and
				deductible relativities.
Added to NAC by Comm'r
				of Insurance, eff. 6-20-90
NRS
				  679B.130,
				  686B.070,
				  686B.100
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › FILING AND USE OF LOSS COSTS › Section 686B.430 - "Supporting information" defined

Current through June 11, 2024
"Supporting information" includes:
1. The experience and judgment of the filer
			 and the experience or data of other insurers or organizations relied upon by
			 the filer;
2. The interpretation of
			 any statistical data relied upon by the filer;
3. A description of the method used in making
			 the rates; and
4. Any other
			 information required by the Commissioner to be filed.
Added to NAC by Comm'r
				of Insurance, eff. 6-20-90
NRS
				  679B.130,
				  686B.070,
				  686B.100
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › FILING AND USE OF LOSS COSTS › Section 686B.435 - Applicability of provisions

Current through June 11, 2024
Except as otherwise provided in
				NRS 686B.040, NAC
				686B.400 to 686B.460, inclusive, applies to:
1. Insurers writing the kinds and lines of
			 direct insurance not exempted by
			 NRS 686B.030;
			 and
2. Insurers and rate service
			 organizations making filings pursuant to
			 NRS
			 686B.070.
Added to NAC by Comm'r
				of Insurance, eff. 6-20-90
NRS
				  679B.130,
				  686B.070,
				  686B.100
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › FILING AND USE OF LOSS COSTS › Section 686B.440 - Reference filings containing advisory prospective loss costs; requirements for filing of rates; adjustments to prospective loss costs

Current through June 11, 2024
1. A rate service organization may develop
			 and make a reference filing containing advisory prospective loss
			 costs.
2. The reference filing
			 must:
(a) Contain statistical data and
			 supporting information for any calculation or assumption underlying the
			 prospective loss costs; and
(b) Be
			 filed and effective in the same manner as rates filed pursuant to chapter 686B
			 of NRS.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › FILING AND USE OF LOSS COSTS › Section 686B.445 - Requirements for filings that refer to reference filings of prospective loss costs

Current through June 11, 2024
1. A filing by an
			 insurer that refers to a reference filing of prospective loss costs made by a
			 rate service organization must include, without limitation, a completed copy of
			 the NAIC Loss Cost Filing Document adopted by reference pursuant to subsection
			 2 or a reference filing adoption form that is substantially similar to the NAIC
			 Loss Cost Filing Document and a summary of supporting information.
2. The Commissioner hereby adopts by
			 reference the NAIC Loss Cost Filing Document published by the National
			 Association of Insurance Commissioners. A copy of the document is available
			 free of charge from the National Association of Insurance Commissioners at the
			 Internet address
http://www.naic.org
.
Added to NAC by Comm'r
				of Insurance, eff. 6-20-90; A 5-27-92; R083-06 & R099-06,
				6-28-2006
NRS
				  679B.130,
				  686B.070,
				  686B.100
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › FILING AND USE OF LOSS COSTS › Section 686B.450 - Filing of supplementary rate information

Current through June 11, 2024
1. A rate
			 service organization may develop and make a filing of supplementary rate
			 information in accordance with the provisions of
			 NRS
			 686B.010 to
			 686B.175,
			 inclusive.
2. An insurer may make a
			 filing of supplementary rate information by:
(a) Becoming a participating insurer of a
			 licensed rate service organization; and
(b) Authorizing the Commissioner to accept a
			 filing by the organization on behalf of the insurer.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › FILING AND USE OF LOSS COSTS › Section 686B.455 - Requirements for filing of final rate pages and submission of rates

Current through June 11, 2024
1. If the final rates of an insurer are
			 determined by applying its adjustment to the prospective loss costs, as
			 presented in the reference filing adoption form, to the prospective loss costs
			 that are contained in the reference filing and printed in the rating manual of
			 the rating organization, the insurer is not required to develop or file its
			 final rate pages with the Commissioner.
2. If an insurer prints and distributes final
			 rate pages for its own use and the rates are based on the application of its
			 filed adjustments to the prospective loss costs of a rating organization, the
			 insurer must file those pages with the Commissioner.
3. If a rating organization does not print
			 prospective loss costs in its rating manual, the insurer must submit its rates
			 to the Commissioner.
Added to NAC by Comm'r
				of Insurance, eff. 6-20-90
NRS
				  679B.130,
				  686B.070,
				  686B.100
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

Current through June 11, 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.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MISCELLANEOUS PROVISIONS › Section 686B.500 - Filing and forwarding of supporting data regarding rates

Current through June 11, 2024
1. An insurer or rate service organization
			 shall promptly forward to the Division any of the following information
			 requested by the Division for each filing of supporting data required by the
			 Commissioner pursuant to
			 NRS
			 686B.100:
(a) Relevant profitability reports.
(b) Descriptions of the components of
			 losses.
(c) Components of expenses
			 for both current and proposed rates, excluding the items for loss adjustment
			 expenses.
(d) Income earned on the
			 money of policyholders that is expressed as a percentage of earned
			 premium.
(e) Any other related
			 matters or actuarial information that is requested.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MISCELLANEOUS PROVISIONS › Section 686B.501 - Requirements for filing for increase or decrease in rates: Professional liability insurance for certain practitioners

Current through June 11, 2024
1. A filing for an
			 increase or decrease in rates for professional liability insurance for
			 practitioners licensed pursuant to chapters 630 to 640, inclusive, of NRS must:
(a) Include a profitability report in the
			 form prescribed by the Commissioner;
(b) Identify the largest theoretical rate
			 increase proposed by the filing; and
(c) Identify the components of the rate
			 increase.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MISCELLANEOUS PROVISIONS › Section 686B.502 - Requirements for filing for increase or decrease in rates: Supplemental personal liability insurance

Current through June 11, 2024
A filing for an increase or decrease in rates for supplemental
				personal liability insurance must:
1.
			 Identify the largest theoretical rate increase proposed by the filing;
			 and
2. Identify the components of
			 the rate increase.
Added to NAC by Comm'r
				of Insurance, eff. 5-15-96
NRS
				  679B.130,
				  686B.070,
				  686B.100,
				  686B.110
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MISCELLANEOUS PROVISIONS › Section 686B.503 - Requirements for filing for increase or decrease in rates: Homeowners' insurance or property insurance for dwellings

Current through June 11, 2024
A filing for an increase or decrease in rates for homeowners'
				insurance or for property insurance for dwellings, commonly referred to as
				"dwelling fire insurance," must:
1.
			 Identify the largest theoretical rate increase proposed by the filing;
			 and
2. Identify the contribution of
			 each component of the increase, including, but not limited to, the contribution
			 of the amount of insurance, the protection class, the territory and the
			 construction class.
Added to NAC by Comm'r
				of Insurance, eff. 5-15-96
NRS
				  679B.130,
				  686B.070,
				  686B.100,
				  686B.110
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MISCELLANEOUS PROVISIONS › Section 686B.504 - Policy fees

Current through June 11, 2024
1. A policy fee
			 must comply with the provisions set forth in
			 NRS 686B.050 and
			 686B.060.
2. An insurer who charges a policy fee shall
			 file the fee with the Commissioner pursuant to
			 NRS
			 686B.070.
3. An insurer shall not charge a policy fee
			 for the renewal of a policy of insurance.
4. As used in this section, "policy fee"
			 means a charge imposed by an insurer for the issuance of a policy of
			 insurance.
Added to NAC by Comm'r
				of Insurance by R151-99, eff. 1-28-2000
NRS
				  679B.130,
				  686B.070
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MISCELLANEOUS PROVISIONS › Section 686B.505 - Required filings

Current through June 11, 2024
1. The Commissioner
			 will interpret subsection 2 of
			 NRS 686B.030 as
			 requiring the following filings:
(a) Policy
			 coverage forms, endorsements, application forms and declarations pages for all
			 business and commercial insurance.
(b) Rules, rates, policy coverage forms,
			 endorsements, application forms and declarations pages for the following types
			 of insurance:
(1) Dwelling, up to 4
			 units;
(2) Personal inland marine,
			 including, but not limited to, personal watercraft;
(3) Vehicle mechanical breakdown;
(4) Insurance for home protection which is
			 regulated pursuant to
			 NRS 690B.100 to
			 690B.180,
			 inclusive; and
(5) Force-placed
			 insurance.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MISCELLANEOUS PROVISIONS › Section 686B.510 - Insurance rating: Deviations and modifications (Repealed)

Current through June 11, 2024
Comm'r of Insurance,
				PC-7, eff. 9-23-72; R by
				R089-17AP,
				eff. 5/16/2018
NRS 679B.130
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MISCELLANEOUS PROVISIONS › Section 686B.520 - Approval of rate different from filed rate

Current through June 11, 2024
1. An insurance
			 company which requires a rate different from the rate provided by a filing
			 otherwise applicable to a specific risk may request the different rate by
			 written application to the Commissioner for approval or disapproval.
2. An application must:
(a) Include one copy of the face of the
			 policy.
(b) Show a comparison of
			 the filed rate to the requested rate.
(c) Give a brief statement of steps which the
			 insured can take to improve his or her insurability and qualify for a lower
			 rate if the requested rate is in excess of the filed rate.
(d) Provide a space for the insured or a
			 representative to sign as evidence of consent to the requested rate.
(e) Give any other information required by
			 the Commissioner.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MISCELLANEOUS PROVISIONS › Section 686B.525 - Notice of material change in premium based upon change in zip code of policyholders

Current through June 11, 2024
1. If an insurer
			 proposes to increase materially the premium rate of a policyholder solely
			 because the zip code assigned to the address of the policyholder is changed by
			 the United States Postal Service, the insurer shall notify the insured of the
			 proposed change in the rate:
(a) For a policy
			 with a term of 31 days or less, at least 30 days before the increase in premium
			 becomes effective; and
(b) For any
			 other policy, at least 30 days before the next date on which the policy could
			 be renewed.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MISCELLANEOUS PROVISIONS › Section 686B.530 - Exemption of insurance for aviation from certain statutory provisions concerning rates

Current through June 11, 2024
Classes of insurance relating to insurance for aviation are
				exempt from the provisions of
				NRS
				686B.010 to
				686B.125,
				inclusive.
Added to NAC by Comm'r
				of Insurance, eff. 9-19-90
NRS
				  679B.130,
				  686B.040
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MISCELLANEOUS PROVISIONS › Section 686B.550 - Examination of rate service organizations

Current through June 11, 2024
1. Except as
			 otherwise provided in subsection 2, the Commissioner will, as often as the
			 Commissioner deems advisable, examine the affairs and conditions of each rate
			 service organization in accordance with the provisions of
			 NRS
			 686B.170.
2. The Commissioner will examine the affairs
			 and conditions of each licensed rate service organization not less frequently
			 than every 5 years.
Added to NAC by Comm'r
				of Insurance by R099-06, eff. 6-28-2006
NRS
				  679B.130,
				  686B.170
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MISCELLANEOUS PROVISIONS › Section 686B.610 - Individual risk premium modification plans

Current through June 11, 2024
1. For
			 the purposes of this section, "schedule rating" means application of judgment
			 credits and debits to the risk rate or premium charge which has been developed
			 through the use of base rate or class rate modified by:
(a) Package discounts where applicable;
			 and
(b) Any other approved rating
			 plan which does not duplicate credits or debits.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MOTOR VEHICLE INSURANCE COVERING PRIVATE PASSENGER VEHICLES › Section 686B.700 - Definitions

Current through June 11, 2024
As used in NAC 686B.700 to 686B.765, inclusive, unless the
				context otherwise requires:
1.
			 "Hearing officer" means the Commissioner or a person designated by the
			 Commissioner to conduct a hearing.
2. "Insurer" means an insurer whose rates or
			 forms are the subject of any hearing conducted pursuant to NAC 686B.730 to
			 686B.765, inclusive.
Added to NAC by Comm'r
				of Insurance, eff. 1-27-92
NRS
				  679B.130
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MOTOR VEHICLE INSURANCE COVERING PRIVATE PASSENGER VEHICLES › Section 686B.705 - Applicability of provisions

Current through June 11, 2024
NAC 686B.700 to 686B.765, inclusive, apply to the filing of
				rates and forms for motor vehicle insurance covering private passenger
				vehicles.
Added to NAC by Comm'r
				of Insurance, eff. 1-27-92
NRS
				  679B.130,
				  686B.070
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MOTOR VEHICLE INSURANCE COVERING PRIVATE PASSENGER VEHICLES › Section 686B.710 - Procedure for filing of rates or forms; acceptance of nonconforming filing prohibited

Current through June 11, 2024
1. The Division
			 shall prescribe the procedure to be followed by insurers for the filing of
			 rates or forms. The procedure must be made available upon request.
2. The Division shall not accept any filing
			 that does not conform to its requirements.
Added to NAC by Comm'r
				of Insurance, eff. 1-27-92
NRS
				  679B.130,
				  686B.070
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MOTOR VEHICLE INSURANCE COVERING PRIVATE PASSENGER VEHICLES › Section 686B.720 - Requirements for filing of profitability reports

Current through June 11, 2024
1. An
			 insurer or group of insurers that is insuring more than 2,000 vehicles
			 principally kept in this State must include a profitability report with all
			 filings for an increase or decrease in rates.
2. A profitability report must be in the form
			 required by the Division and certified by an officer of the insurer as to its
			 accuracy.
3. The Division's actuary
			 may specify, where reserve charges are coded to a specific year, the years in
			 which accidents have occurred, commonly referred to as "calendar accident
			 years," that the insurer must include in the profitability report.
4. Unless otherwise required by the
			 Commissioner, if an insurer has previously submitted a profitability report,
			 the new report must include updated numbers for all calendar accident years in
			 the previous report and all subsequent years in which accidents have occurred
			 for a maximum reporting period of 10 years.
5. The insurer and the Division's actuary may
			 agree to use the data from the fiscal year in which accidents occurred,
			 commonly referred to as "fiscal accident year," as the basis for the
			 profitability reports.
6. The
			 Division's actuary may specify that a profitability report filed by an insurer
			 providing coverage for at least 60,000 vehicles principally kept in this State
			 must include profitability by territory.
Added to NAC by Comm'r
				of Insurance, eff. 1-27-92; A 5-15-96
NRS
				  679B.130,
				  686B.070,
				  686B.100,
				  686B.110
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MOTOR VEHICLE INSURANCE COVERING PRIVATE PASSENGER VEHICLES › Section 686B.725 - Hearings to review filings: Issuance and notice of order for hearing; scheduling; procedural requirements

Current through June 11, 2024
1. If the
			 Commissioner deems it appropriate, the Commissioner will issue an order for a
			 hearing to allow consideration of a filing and send the order by certified mail
			 to the insurer not less than 20 days before the hearing. A copy of the order
			 will be posted at the Division's offices and at the location of the
			 hearing.
2. If an order is issued
			 pursuant to subsection 1, the hearing must be scheduled to enable the
			 Commissioner to make his or her decision within the time authorized for each
			 proposed increase in the rate of any kind or line of insurance or subdivision
			 thereof by subsection 1 of
			 NRS
			 686B.110, unless the parties stipulate to a
			 later date.
3. A hearing conducted
			 pursuant to the provisions of this section will comply with the procedural
			 requirements for a hearing set forth in NAC 686B.730 to 686B.765,
			 inclusive.
Added to NAC by Comm'r
				of Insurance, eff. 1-27-92
NRS
				  679B.130,
				  679B.310,
				  679B.320,
				  686B.110
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MOTOR VEHICLE INSURANCE COVERING PRIVATE PASSENGER VEHICLES › Section 686B.730 - Hearings to review filings: Hearing officer; date; continuance

Current through June 11, 2024
1. A hearing conducted to review the filing
			 of rates or forms must be held before the Commissioner or a hearing officer
			 designated by the Commissioner.
2.
			 A hearing may be set for a date which is earlier than the date set forth in the
			 notice of the hearing if the Division and the insurer agree in writing. Public
			 notice must be given for any change of the date of a hearing.
3. Upon the written request of the Division,
			 a party, an intervener or an insurer, the hearing officer may:
(a) Continue the hearing until a later date;
			 or
(b) Upon good cause shown,
			 continue the hearing for the submission of further proof on any
			 matter.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MOTOR VEHICLE INSURANCE COVERING PRIVATE PASSENGER VEHICLES › Section 686B.735 - Hearings to review filings: Intervention; questions and testimony; burden of proof; exhibits; copies of transcripts and other items

Current through June 11, 2024
1. No person other than the insurer or a
			 person insured by the insurer may intervene in any hearing conducted to review
			 the filing of rates or forms by the insurer.
2. Any person who intends to submit questions
			 or testimony for the hearing shall submit the questions or testimony to the
			 hearing officer in writing not less than 5 days before the hearing. The hearing
			 officer may ask those questions or submit that testimony for the
			 record.
3. Only parties to the
			 hearing may ask questions at the hearing. At the discretion of the hearing
			 officer, any person may offer oral or written testimony before or during the
			 hearing.
4. The insurer has the
			 burden to prove:
(a) Its compliance with
			 chapter 686B of NRS; and
(b) Any
			 action it claims it has taken to reduce the costs of coverage.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MOTOR VEHICLE INSURANCE COVERING PRIVATE PASSENGER VEHICLES › Section 686B.740 - Hearings to review filings: Filing of pleadings

Current through June 11, 2024
All pleadings, including complaints, petitions, answers,
				briefs, motions, affidavits and applications, must be addressed to the
				Commissioner. A pleading shall be deemed to be officially filed with the
				Commissioner at the time a true copy is received by the Division.
Added to NAC by Comm'r
				of Insurance, eff. 1-27-92
NRS
				  679B.130,
				  679B.310,
				  686B.110
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MOTOR VEHICLE INSURANCE COVERING PRIVATE PASSENGER VEHICLES › Section 686B.745 - Hearings to review filings: Proof of service

Current through June 11, 2024
An acknowledgment of service or a certificate in substantially
				the following form must appear on all documents required to be served:
I hereby certify that I have this date served the foregoing
				document upon all parties of record in this proceeding (by delivering a copy
				thereof in person to ...................................) (by mailing a copy
				thereof, properly addressed, with postage prepaid, to
				...................................)
DATED at ..................., this ............(day) of
				...................(month) of ...........(year)
				.......................................................................Signature
Added to NAC by Comm'r
				of Insurance, eff. 1-27-92
NRS
				  679B.130,
				  679B.310,
				  686B.110
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MOTOR VEHICLE INSURANCE COVERING PRIVATE PASSENGER VEHICLES › Section 686B.750 - Hearings to review filings: Prehearing conference

Current through June 11, 2024
1. The
			 hearing officer may, upon the motion of the hearing officer or the Division, a
			 party, an intervener or an insurer, by giving reasonable notice of the time and
			 place, hold a prehearing conference to:
(a)
			 Formulate or simplify the issues;
(b) Obtain admissions of fact and documents
			 in order to avoid unnecessary offers of proof;
(c) Arrange for the exchange of proposed
			 exhibits or prepared expert testimony;
(d) Limit the number of witnesses;
			 or
(e) Consider any factor which
			 may permit rapid, orderly conduct and the disposition of the
			 proceedings.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MOTOR VEHICLE INSURANCE COVERING PRIVATE PASSENGER VEHICLES › Section 686B.755 - Hearings to review filings: Official notice

Current through June 11, 2024
The hearing officer may take official notice of:
1. Rules, regulations, official reports,
			 decisions and orders of any regulatory agency of this State or any court of
			 law.
2. The contents of decisions,
			 orders, certificates, licenses and records maintained or issued by the
			 Division.
Added to NAC by Comm'r
				of Insurance, eff. 1-27-92
NRS
				  679B.130,
				  679B.310,
				  686B.110
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MOTOR VEHICLE INSURANCE COVERING PRIVATE PASSENGER VEHICLES › Section 686B.760 - Hearings to review filings: Order of hearing officer

Current through June 11, 2024
1. The hearing officer shall file a copy of
			 any order entered pursuant to NAC 686B.700 to 686B.765, inclusive, with the
			 Division. The copy must be made available for public inspection.
2. If the hearing officer is not the
			 Commissioner, the Commissioner will indicate on the order his or her
			 concurrence or dissent with the order of the hearing officer.
Added to NAC by Comm'r
				of Insurance, eff. 1-27-92
NRS
				  679B.130,
				  679B.310,
				  686B.110
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › MOTOR VEHICLE INSURANCE COVERING PRIVATE PASSENGER VEHICLES › Section 686B.765 - Hearings to review filings: Review of disapproval by hearing officer

Current through June 11, 2024
1. If proposed rates are disapproved by an
			 order of the hearing officer:
(a) The insurer
			 may request a hearing as provided in subsection 3 of
			 NRS
			 686B.110; or
(b) The parties may, by stipulation, declare
			 that a hearing held pursuant to NAC 686B.730 to 686B.765, inclusive, shall be
			 deemed a hearing to determine the validity of the action as provided in
			 subsection 3 of
			 NRS
			 686B.110, in order to allow the insurer to
			 seek judicial review of the order.
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › INDUSTRIAL INSURANCE › General Provisions › Section 686B.800 - Definitions

Current through June 11, 2024
As used in NAC 686B.800 to 686B.845, inclusive, unless the
				  context otherwise requires, the words and terms defined in NAC 686B.802 to
				  686B.815, inclusive, have the meanings ascribed to them in those
				  sections.
Added to NAC by Comm'r
				  of Insurance by R091-98, eff. 11-2-98; A by R196-99, 1-27-2000; R099-06,
				  6-28-2006
NRS
					 679B.130
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › INDUSTRIAL INSURANCE › General Provisions › Section 686B.802 - "Advisory Organization" defined

Current through June 11, 2024
"Advisory Organization" has the meaning ascribed to it in
				  NRS
				  686B.1752.
Added to NAC by Comm'r
				  of Insurance by R196-99, eff. 1-27-2000
NRS
					 679B.130
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › INDUSTRIAL INSURANCE › General Provisions › Section 686B.805 - "Industrial insurance" defined

Current through June 11, 2024
"Industrial insurance" means insurance which provides the
				  compensation required by chapters 616A to 617, inclusive, of NRS and employer's
				  liability insurance provided in connection with that insurance.
Added to NAC by Comm'r
				  of Insurance by R091-98, eff. 11-2-98
NRS
					 679B.130
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › INDUSTRIAL INSURANCE › General Provisions › Section 686B.810 - "Insurer" defined

Current through June 11, 2024
"Insurer" means all private carriers authorized to provide
				  industrial insurance in this State.
Added to NAC by Comm'r
				  of Insurance by R091-98, eff. 11-2-98
NRS
					 679B.130
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › INDUSTRIAL INSURANCE › General Provisions › Section 686B.815 - "Nevada Workers' Compensation Insurance Plan" defined

Current through June 11, 2024
"Nevada Workers' Compensation Insurance Plan" means the plan
				  submitted by the Advisory Organization pursuant to subsection 2 of
				  NRS
				  686B.1771 for the equitable apportionment
				  among insurers of those persons who in good faith are entitled to industrial
				  insurance but who have not been accepted by an insurer.
Added to NAC by Comm'r
				  of Insurance by R091-98, eff. 11-2-98
NRS
					 679B.130,
					 686B.1771
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › INDUSTRIAL INSURANCE › Nevada Workers' Compensation Insurance Plan › Section 686B.818 - Authority of Advisory Organization

Current through June 11, 2024
The Advisory Organization may file with the Commissioner a
				  program of group insurance for persons who have not been accepted by an
				  insurer.
Added to NAC by Comm'r
				  of Insurance by R196-99, eff. 1-27-2000
NRS
					 679B.130,
					 686B.1771
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › INDUSTRIAL INSURANCE › Nevada Workers' Compensation Insurance Plan › Section 686B.820 - Effective date

Current through June 11, 2024
The Nevada Workers' Compensation Insurance Plan becomes
				  effective on July 1, 1999.
Added to NAC by Comm'r
				  of Insurance by R091-98, 11-2-98, eff. 7-1-99
NRS
					 679B.130,
					 686B.1771
Nevada Administrative Code › Chapter 686B - Rates and Essential Insurance › INDUSTRIAL INSURANCE › Nevada Workers' Compensation Insurance Plan › Section 686B.825 - Plan Administrator: Appointment; selection of insurer to service plan; notification of termination of management

Current through June 11, 2024
1. The
				Commissioner will appoint a Plan Administrator to perform the day-to-day
				management of the Nevada Workers' Compensation Insurance Plan.
2. The Plan Administrator shall select,
				pursuant to the rules of competitive bidding, at least one insurer to service
				the Nevada Workers' Compensation Insurance Plan. Each insurer selected pursuant
				to this section must be approved by the Commissioner.
3. The Plan Administrator shall notify the
				Commissioner at least 180 days before the Plan Administrator terminates his or
				her management of the Nevada Workers' Compensation Insurance Plan.
Added to NAC by Comm'r
				  of Insurance by R091-98, eff. 11-2-98
NRS
					 679B.130,
					 686B.1771