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NRS 691C.340 - Use of certain rates without filing rates with Commissioner; regulations.

NV Rev Stat § 691C.340 (2019) (N/A)
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The Commissioner may, by regulation, establish rates that an insurer may use without filing pursuant to NRS 691C.320. In establishing such rates, the Commissioner shall consider and apply the following factors:

1. Actual and expected loss experience;

2. General and administrative expenses;

3. Loss settlement and adjustment expenses;

4. Reasonable creditor 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 NRS by 2005, 2111; A 2017, 2383)

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NRS 691C.330 - Adoption of forms by regulation; use of forms by insurer.
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NRS 691C.350 - Approved rates; period of effectiveness; filing of revised schedule of premium rates.