Nev. Admin. Code § 686B.415

Current through October 11, 2024

Section 686B.415 - "Prospective loss costs" defined

"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