Nev. Rev. Stat. § 686B.1779

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 686B.1779 - Disapproval of rates: Authority of Commissioner; required grounds

1. The Commissioner may disapprove a rate filed by an insurer at any time.

2. The Commissioner shall disapprove a rate if:

(a) An insurer has failed to meet the requirements for filing a rate pursuant to this chapter or the regulations of the Commissioner;

(b) The rate is inadequate or unfairly discriminatory and the interaction among insurers and employers is competitive; or

(c) A rate is inadequate, excessive or unfairly discriminatory and the Commissioner has found and issued an order that the interaction among the insurers and employers is not competitive.

NRS 686B.1779

Added to NRS by 1995, 2053; A 1997, 1455; 1999, 444, 2223, 2224; 2001, 154