Nev. Admin. Code § 695F.460

Current through November 8, 2024
Section 695F.460 - Filing of notice for modification of rates, charges, benefits, organization, operations, documents or services

An organization shall file the notice required by NRS 695F.170 at least 30 days before it desires a change in its charges to become effective. The notice must be accompanied by:

1. The loss experience or factor for modification, which must be clearly defined and supported by documents maintained as a part of the organization's records.
2. Certification by a qualified actuary, with adequate supporting documentation, that the proposed charges are not excessive, inadequate or unfairly discriminatory.

Nev. Admin. Code § 695F.460

Added to NAC by Comm'r of Insurance, eff. 2-3-97

NRS 679B.130, 695F.170, 695F.300