Nev. Admin. Code § 686B.520

Current through August 29, 2024
Section 686B.520 - Approval of rate different from filed rate
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.

Nev. Admin. Code § 686B.520

Comm'r of Insurance, PC-2, eff. 9-23-72-NAC A by R111-04, 5-24-2005

NRS 679B.130, 686B.070, 686B.110