Nevada Administrative Code

NAC 686B.380 Statistical reports: Submission of fast track reports to Commissioner. (NRS 679B.130, 679B.430, 686B.160) Statistical agents shall provide fast track reports to the Commissioner within 60 days after the close of the calendar quarter for private passenger motor vehicl…

NAC 686B.390 Permission for late submission of reports or data. (NRS 679B.130, 679B.430, 686B.160) Upon application by a statistical agent or an insurer, the Commissioner may allow the submission of a report or statistical data on a date which is later than that required by NAC 6…

NAC 686B.395 Penalties for failure to file information. (NRS 679B.130, 679B.430, 686B.160) Failure to file the information required by NAC 686B.300 to 686B.390, inclusive, pursuant to the statistical plan adopted by the Commissioner may result in the imposition of the penalties p…

NAC 686B.400 Definitions. (NRS 679B.130, 686B.070, 686B.100) As used in NAC 686B.400 to 686B.460, inclusive, unless the context otherwise requires, the words and terms defined in NAC 686B.405 to 686B.430, inclusive, have the meanings ascribed to them in those sections. (Added to …

NAC 686B.405 “Advisory prospective loss costs” defined. (NRS 679B.130, 686B.070, 686B.100) “Advisory prospective loss costs” means the prospective loss costs filed by a rate service organization with the Commissioner. (Added to NAC by Comm’r of Insurance, eff. 6-20-90)

NAC 686B.409 “Expenses” defined. (NRS 679B.130, 686B.070, 686B.100) “Expenses” means the portion of a rate that is attributable to the costs of acquisition, field supervision, collection expenses, general expenses, taxes, licenses and fees. (Added to NAC by Comm’r of Insurance, e…

NAC 686B.415 “Prospective loss costs” defined. (NRS 679B.130, 686B.070, 686B.100) “Prospective loss costs” means the portion of a rate that is based on historical aggregate losses and loss adjustment expenses which are adjusted to their ultimate value and projected to a future po…

NAC 686B.420 “Rate” defined. (NRS 679B.130, 686B.070, 686B.100) “Rate” means the cost of insurance per exposure unit and may be expressed as a single number or as prospective loss costs that include an adjustment to account for the treatment of expenses, profit and variations in …

NAC 686B.425 “Supplementary rate information” defined. (NRS 679B.130, 686B.070, 686B.100) In addition to the kinds of information listed in subsection 4 of NRS 686B.020, “supplementary rate information” includes any classification system, code or description of a territory, ratin…

NAC 686B.430 “Supporting information” defined. (NRS 679B.130, 686B.070, 686B.100) “Supporting information” includes: 1. The experience and judgment of the filer and the experience or data of other insurers or organizations relied upon by the filer; 2. The interpretation of any st…

NAC 686B.435 Applicability of provisions. (NRS 679B.130, 686B.070, 686B.100) Except as otherwise provided in NRS 686B.040, NAC 686B.400 to 686B.460, inclusive, applies to: 1. Insurers writing the kinds and lines of direct insurance not exempted by NRS 686B.030; and 2. Insurers an…

NAC 686B.440 Reference filings containing advisory prospective loss costs; requirements for filing of rates; adjustments to prospective loss costs. (NRS 679B.130, 686B.070, 686B.100) 1. A rate service organization may develop and make a reference filing containing advisory prospe…

NAC 686B.445 Requirements for filings that refer to reference filings of prospective loss costs. (NRS 679B.130, 686B.070, 686B.100) 1. A filing by an insurer that refers to a reference filing of prospective loss costs made by a rate service organization must include, without limi…

NAC 686B.450 Filing of supplementary rate information. (NRS 679B.130, 686B.070, 686B.100) 1. A rate service organization may develop and make a filing of supplementary rate information in accordance with the provisions of NRS 686B.010 to 686B.175, inclusive. 2. An insurer may mak…

NAC 686B.455 Requirements for filing of final rate pages and submission of rates. (NRS 679B.130, 686B.070, 686B.100) 1. If the final rates of an insurer are determined by applying its adjustment to the prospective loss costs, as presented in the reference filing adoption form, to…

NAC 686B.460 Refiling of previously approved rates and loss costs; use of previously filed rates, loss costs and deviations. (NRS 679B.130, 686B.070, 686B.100) 1. Except as otherwise provided in subsection 2, NAC 686B.400 to 686B.460, inclusive, do not require a rate service orga…

NAC 686B.500 Filing and forwarding of supporting data regarding rates. (NRS 679B.130, 686B.100) 1. An insurer or rate service organization shall promptly forward to the Division any of the following information requested by the Division for each filing of supporting data required…

NAC 686B.501 Requirements for filing for increase or decrease in rates: Professional liability insurance for certain practitioners. (NRS 679B.130, 686B.070, 686B.100, 686B.110) 1. A filing for an increase or decrease in rates for professional liability insurance for practitioners…

NAC 686B.502 Requirements for filing for increase or decrease in rates: Supplemental personal liability insurance. (NRS 679B.130, 686B.070, 686B.100, 686B.110) A filing for an increase or decrease in rates for supplemental personal liability insurance must: 1. Identify the larges…

NAC 686B.503 Requirements for filing for increase or decrease in rates: Homeowners’ insurance or property insurance for dwellings. (NRS 679B.130, 686B.070, 686B.100, 686B.110) A filing for an increase or decrease in rates for homeowners’ insurance or for property insurance for dw…

NAC 686B.504 Policy fees. (NRS 679B.130, 686B.070) 1. A policy fee must comply with the provisions set forth in NRS 686B.050 and 686B.060. 2. An insurer who charges a policy fee shall file the fee with the Commissioner pursuant to NRS 686B.070. 3. An insurer shall not charge a po…

NAC 686B.505 Required filings; definition of “force-placed insurance.” (NRS 679B.130, 686B.030) 1. The Commissioner will interpret subsection 2 of NRS 686B.030 as requiring the following filings: (a) Policy coverage forms, endorsements, application forms and declarations pages fo…

NAC 686B.520 Approval of rate different from filed rate. (NRS 679B.130, 686B.070, 686B.110) 1. An insurance company which requires a rate different from the rate provided by a filing otherwise applicable to a specific risk may request the different rate by written application to …

NAC 686B.525 Notice of material change in premium based upon change in zip code of policyholders. (NRS 679B.130, 686B.119) 1. If an insurer proposes to increase materially the premium rate of a policyholder solely because the zip code assigned to the address of the policyholder i…

NAC 686B.530 Exemption of insurance for aviation from certain statutory provisions concerning rates. (NRS 679B.130, 686B.040) Classes of insurance relating to insurance for aviation are exempt from the provisions of NRS 686B.010 to 686B.125, inclusive. (Added to NAC by Comm’r of …

NAC 686B.550 Examination of rate service organizations. (NRS 679B.130, 686B.170) 1. Except as otherwise provided in subsection 2, the Commissioner will, as often as the Commissioner deems advisable, examine the affairs and conditions of each rate service organization in accordanc…

NAC 686B.610 Individual risk premium modification plans. (NRS 679B.130, 686B.070, 686B.100) 1. For the purposes of this section, “schedule rating” means application of judgment credits and debits to the risk rate or premium charge which has been developed through the use of base …

NAC 686B.620 Review of rates filed for health or dental plans. (NRS 679B.130, 686B.040, 686B.112) 1. An actuarial review conducted pursuant to NRS 686B.112 of rates filed for a health or dental plan issued pursuant to the provisions of chapter 689A, 689B, 689C, 695B, 695C, 695D o…

NAC 686B.700 Definitions. (NRS 679B.130) As used in NAC 686B.700 to 686B.765, inclusive, unless the context otherwise requires: 1. “Hearing officer” means the Commissioner or a person designated by the Commissioner to conduct a hearing. 2. “Insurer” means an insurer whose rates o…

NAC 686B.705 Applicability of provisions. (NRS 679B.130, 686B.070) NAC 686B.700 to 686B.765, inclusive, apply to the filing of rates and forms for motor vehicle insurance covering private passenger vehicles. (Added to NAC by Comm’r of Insurance, eff. 1-27-92)

NAC 686B.710 Procedure for filing of rates or forms; acceptance of nonconforming filing prohibited. (NRS 679B.130, 686B.070) 1. The Division shall prescribe the procedure to be followed by insurers for the filing of rates or forms. The procedure must be made available upon reques…

NAC 686B.715 Supporting data required with filing of rates; exempt filings. (NRS 679B.130, 686B.070, 686B.100) 1. A filing of rates made pursuant to NRS 686B.070 must contain: (a) The supporting data listed in NRS 686B.100 and NAC 686B.500. (b) The following supporting data, whic…

NAC 686B.720 Requirements for filing of profitability reports. (NRS 679B.130, 686B.070, 686B.100, 686B.110) 1. An insurer or group of insurers that is insuring more than 2,000 vehicles principally kept in this State must include a profitability report with all filings for an incr…

NAC 686B.725 Hearings to review filings: Issuance and notice of order for hearing; scheduling; procedural requirements. (NRS 679B.130, 679B.310, 679B.320, 686B.110) 1. If the Commissioner deems it appropriate, the Commissioner will issue an order for a hearing to allow considerat…

NAC 686B.730 Hearings to review filings: Hearing officer; date; continuance. (NRS 679B.130, 679B.310, 679B.330, 686B.110) 1. A hearing conducted to review the filing of rates or forms must be held before the Commissioner or a hearing officer designated by the Commissioner. 2. A h…

NAC 686B.735 Hearings to review filings: Intervention; questions and testimony; burden of proof; exhibits; copies of transcripts and other items. (NRS 679B.130, 679B.310, 679B.330, 686B.110) 1. No person other than the insurer or a person insured by the insurer may intervene in a…

NAC 686B.740 Hearings to review filings: Filing of pleadings. (NRS 679B.130, 679B.310, 686B.110) All pleadings, including complaints, petitions, answers, briefs, motions, affidavits and applications, must be addressed to the Commissioner. A pleading shall be deemed to be official…

NAC 686B.745 Hearings to review filings: Proof of service. (NRS 679B.130, 679B.310, 686B.110) An acknowledgment of service or a certificate in substantially the following form must appear on all documents required to be served: I hereby certify that I have this date served the fo…

NAC 686B.750 Hearings to review filings: Prehearing conference. (NRS 679B.130, 679B.310, 686B.110) 1. The hearing officer may, upon the motion of the hearing officer or the Division, a party, an intervener or an insurer, by giving reasonable notice of the time and place, hold a p…

NAC 686B.755 Hearings to review filings: Official notice. (NRS 679B.130, 679B.310, 686B.110) The hearing officer may take official notice of: 1. Rules, regulations, official reports, decisions and orders of any regulatory agency of this State or any court of law. 2. The contents …

NAC 686B.760 Hearings to review filings: Order of hearing officer. (NRS 679B.130, 679B.310, 686B.110) 1. The hearing officer shall file a copy of any order entered pursuant to NAC 686B.700 to 686B.765, inclusive, with the Division. The copy must be made available for public inspe…

NAC 686B.765 Hearings to review filings: Review of disapproval by hearing officer. (NRS 679B.130, 679B.310, 686B.110) 1. If proposed rates are disapproved by an order of the hearing officer: (a) The insurer may request a hearing as provided in subsection 5 of NRS 686B.110; or (b)…

NAC 686B.800 Definitions. (NRS 679B.130) As used in NAC 686B.800 to 686B.845, inclusive, unless the context otherwise requires, the words and terms defined in NAC 686B.802 to 686B.815, inclusive, have the meanings ascribed to them in those sections. (Added to NAC by Comm’r of Ins…

NAC 686B.802 “Advisory Organization” defined. (NRS 679B.130) “Advisory Organization” has the meaning ascribed to it in NRS 686B.1752. (Added to NAC by Comm’r of Insurance by R196-99, eff. 1-27-2000)

NAC 686B.805 “Industrial insurance” defined. (NRS 679B.130) “Industrial insurance” means insurance which provides the compensation required by chapters 616A to 617, inclusive, of NRS and employer’s liability insurance provided in connection with that insurance. (Added to NAC by C…

NAC 686B.810 “Insurer” defined. (NRS 679B.130) “Insurer” means all private carriers authorized to provide industrial insurance in this State. (Added to NAC by Comm’r of Insurance by R091-98, eff. 11-2-98)

NAC 686B.815 “Nevada Workers’ Compensation Insurance Plan” defined. (NRS 679B.130, 686B.1771) “Nevada Workers’ Compensation Insurance Plan” means the plan submitted by the Advisory Organization pursuant to subsection 2 of NRS 686B.1771 for the equitable apportionment among insure…