686B.1773 - Insurers to record and report certain information and adhere to manual of rules and Uniform Plan for Rating Experience. - Nevada Statutes

686B.1773  Insurers to record and report certain information and adhere to manual of rules and Uniform Plan for Rating Experience.

      1.  Every insurer shall:

      (a) Record and report its experience and losses for policies of industrial insurance to the Advisory Organization in a form consistent with the Uniform Statistical Plan approved by the Commissioner; and

      (b) Adhere to the manual of rules and Uniform Plan for Rating Experience when providing or reporting its business for industrial insurance.

      2.  No insurer may agree with another insurer or the Advisory Organization to adhere to a manual of rules which is not reasonably related to the recording or reporting of data according to the Uniform Statistical Plan or Uniform System of Classifications filed by the Advisory Organization.

      (Added to NRS by 1995, 2051)