Nevada § 690A.093 Establishment of reasonable rates by regulation; use of certain rates without filing with Commissioner

Nevada Statutes

§ 690A.093 — Establishment of reasonable rates by regulation; use of certain rates without filing with Commissioner

Nevada § 690A.093

Title 57INSURANCE

Ch. 690ACredit

This text of Nevada § 690A.093 (Establishment of reasonable rates by regulation; use of certain rates without filing with Commissioner) 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. § 690A.093 (2026).

Text

1. The Commissioner shall, by regulation, establish reasonable rates as described in this chapter and in accordance with the standards established in NRS 686B.050 and 686B.060 . The rates must be reasonable in relation to the benefits provided and must not be excessive, inadequate or unfairly discriminatory. 2. The Commissioner may, by regulation, establish rates that an insurer may use without filing pursuant to NRS 690A.085 . In establishing such rates, the Commissioner shall consider and apply the following factors:

(a)Actual and expected loss experience;

(b)General and administrative expenses;

(c)Loss settlement and adjustment expenses;

(d)Reasonable creditor compensation;

(e)The manner in which premiums are charged;

(f)Other acquisition costs;

(g)Reserves;

(h)Taxes;

(i)Regula

Free access — add to your briefcase to read the full text and ask questions with AI

1. The Commissioner shall, by regulation, establish reasonable rates as described in this chapter and in accordance with the standards established in NRS 686B.050 and 686B.060 . The rates must be reasonable in relation to the benefits provided and must not be excessive, inadequate or unfairly discriminatory.
2. The Commissioner may, by regulation, establish rates that an insurer may use without filing pursuant to NRS 690A.085 . In establishing such rates, the Commissioner shall consider and apply the following factors:
(a) Actual and expected loss experience;
(b) General and administrative expenses;
(c) Loss settlement and adjustment expenses;
(d) Reasonable creditor compensation;
(e) The manner in which premiums are charged;
(f) Other acquisition costs;
(g) Reserves;
(h) Taxes;
(i) Regulatory license fees and fund assessments;
(j) Reasonable insurer profit; and
(k) Other relevant data consistent with generally accepted actuarial standards.