Nevada § 691C.340 Insurer authorized to use rates established by Commissioner in lieu of filing rates; regulations

Nevada Statutes

§ 691C.340 — Insurer authorized to use rates established by Commissioner in lieu of filing rates; regulations

Nevada § 691C.340

Title 57INSURANCE

Ch. 691CCredit

This text of Nevada § 691C.340 (Insurer authorized to use rates established by Commissioner in lieu of filing rates; regulations) 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. § 691C.340 (2026).

Text

The Commissioner may, by regulation, establish rates that an insurer may use without filing pursuant to NRS 691C.320. In establishing such rates, the Commissioner shall consider and apply the following factors:

1.Actual and expected loss experience;

2.General and administrative expenses;

3.Loss settlement and adjustment expenses;

4.Reasonable creditor 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.

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The Commissioner may, by regulation, establish rates that an insurer may use without filing pursuant to NRS 691C.320. In establishing such rates, the Commissioner shall consider and apply the following factors:
1. Actual and expected loss experience;
2. General and administrative expenses;
3. Loss settlement and adjustment expenses;
4. Reasonable creditor 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.