LegalFix
Sign In

NRS 686B.1772 - Insurers to adhere to Uniform System of Classifications of Risks and Uniform Plan for Rating Experience; subclassifications for Uniform System of Classification.

NV Rev Stat § 686B.1772 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

1. Every insurer shall adhere to the Uniform System of Classifications of Risks and Uniform Plan for Rating Experience filed with the Commissioner by the Advisory Organization.

2. Any insurer may develop a subclassification or subclassifications for the Uniform System of Classification. Any subclassification must be filed with the Commissioner 60 days before it becomes effective. The Commissioner shall disapprove the subclassification if the insurer fails to show the data to be produced by it will be consistent with the Uniform Statistical Plan and System of Classification filed by the Advisory Organization with the Commissioner.

(Added to NRS by 1995, 2051)

Previous Section
NRS 686B.1771 - Plan for apportionment among insurers of persons entitled to insurance who have not been accepted by an insurer.
Next Section
NRS 686B.1773 - Insurers to record and report certain information and adhere to manual of rules and Uniform Plan for Rating Experience.