686B.1779 - Grounds for disapproval of rates. - Nevada Statutes

686B.1779  Grounds for disapproval of rates.

      1.  The Commissioner may disapprove a rate filed by an insurer at any time.

      2.  The Commissioner shall disapprove a rate if:

      (a) An insurer has failed to meet the requirements for filing a rate pursuant to this chapter or the regulations of the Commissioner;

      (b) The rate is inadequate or unfairly discriminatory and the interaction among insurers and employers is competitive; or

      (c) A rate is inadequate, excessive or unfairly discriminatory and the Commissioner has found and issued an order that the interaction among the insurers and employers is not competitive.

      (Added to NRS by 1995, 2053; A 1997, 1455; 1999, 444, 2223, 2224; 2001, 154)