689C.290 - Commissioner authorized to suspend restriction on increase of premiums for new rating period based on new business for policy. - Nevada Statutes

689C.290  Commissioner authorized to suspend restriction on increase of premiums for new rating period based on new business for policy.  The Commissioner may suspend for a specified period the application of paragraph (a) of subsection 1 and of subsection 2 of NRS 689C.210 as to the premium rates applicable to one or more small employers included within a class of business of a carrier serving small employers for one or more rating periods upon application by the carrier and a finding by the Commissioner that the suspension:

      1.  Is reasonable in light of the financial condition of the carrier; or

      2.  Would enhance the efficiency and fairness of the market for health insurance for small employers.

      (Added to NRS by 1995, 985)