Nev. Admin. Code § 691C.060

Current through November 8, 2024

Section 691C.060 - Actuarial justification of filed rates

Rates filed pursuant to NRS 691C.320 must be actuarially justified based on:

1. Actual and expected loss experience;

2. General and administrative expenses;

3. Loss settlement and adjustment expenses;

4. Reasonable producer 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.

Nev. Admin. Code § 691C.060

Added to NAC by Comm'r of Insurance by R132-05, eff. 10-31-2005

NRS 679B.130, 691C.320, 691C.430