Nevada § 686B.1769 Uniform Plan for Rating Experience: Requirements; use

Nevada Statutes

§ 686B.1769 — Uniform Plan for Rating Experience: Requirements; use

Nevada § 686B.1769

Title 57INSURANCE

Ch. 686BRates

Advisory Organization for Industrial Insurance

This text of Nevada § 686B.1769 (Uniform Plan for Rating Experience: Requirements; use) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 686B.1769 (2026).

Text

1. The Uniform Plan for Rating Experience must:

(a)Contain reasonable standards for eligibility in the Plan;

(b)Provide adequate incentives for employers to prevent losses; and

(c)Permit sufficient differences in an insurer’s premiums to encourage safety at the employer’s place of business. 2. The Plan must be the exclusive basis for adjusting future premiums by evaluating an individual employer’s characteristics which tend to produce losses, but an insurer may file a rating plan that provides for an adjustment of premiums retrospectively based on an individual employer’s past experience of losses.

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1. The Uniform Plan for Rating Experience must:
(a) Contain reasonable standards for eligibility in the Plan;
(b) Provide adequate incentives for employers to prevent losses; and
(c) Permit sufficient differences in an insurer’s premiums to encourage safety at the employer’s place of business.
2. The Plan must be the exclusive basis for adjusting future premiums by evaluating an individual employer’s characteristics which tend to produce losses, but an insurer may file a rating plan that provides for an adjustment of premiums retrospectively based on an individual employer’s past experience of losses.