NRS 686B.1765
Powers.

The Advisory Organization may:

1.

Develop statistical plans including definitions for the classification of risks.

2.

Collect statistical data from its members and subscribers or any other reliable source.

3.

Prepare and distribute data on prospective loss costs.

4.

Prepare and distribute manuals of rules and schedules for rating which do not permit calculating the final rates without using information other than the information in the manual.

5.

Distribute any information filed with the Commissioner which is open to public inspection.

6.

Conduct research and collect statistics to discover, identify and classify information on the causes and prevention of losses.

7.

Prepare and file forms and endorsements for policies and consult with its members, subscribers and any other knowledgeable persons on their use.

8.

Collect, compile and distribute information on the past and current premiums charged by individual insurers if the information is available for public inspection.

9.

Conduct research and collect information to determine what effect changes in benefits to injured employees pursuant to chapters 616A to 617, inclusive, of NRS will have on prospective loss costs.

10.

Prepare and distribute rules and rating values for the Uniform Plan for Rating Experience.

11.

Calculate and provide to the insurer the modification of premiums based on the individual employer’s losses.

12.

Assist an individual insurer to develop rates, supplementary rate information or other supporting information if authorized to do so by the insurer.

Source: Section 686B.1765 — Powers., https://www.­leg.­state.­nv.­us/NRS/NRS-686B.­html#NRS686BSec1765.

686B.176
“Plan for rating experience” defined. 686B.177
Rating information to be filed with Commissioner 686B.178
Commissioner to issue written order stating reasons for disapproval and date by which insurer must discontinue use of rate. 686B.179
Revocation or suspension of license. 686B.1751
Definitions. 686B.1752
“Advisory Organization” defined. 686B.1753
“Basic premium rate” defined. 686B.1754
“Classification of risks” defined. 686B.1755
“Expenses” defined. 686B.1757
“Industrial insurance” defined. 686B.1759
“Insurer” defined. 686B.1761
“Rate” defined. 686B.1762
“Willful” defined. 686B.1763
Applicability of provisions 686B.1764
Designation 686B.1765
Powers. 686B.1767
Prohibited acts. 686B.1769
Uniform Plan for Rating Experience: Requirements 686B.1771
Plan for apportionment among insurers of persons entitled to insurance who have not been accepted by an insurer. 686B.1772
Insurers to adhere to Uniform System of Classifications of Risks and Uniform Plan for Rating Experience 686B.1773
Insurers to record and report certain information and adhere to manual of rules and Uniform Plan for Rating Experience. 686B.1774
Commissioner to determine whether interaction among insurers and employers is competitive. 686B.1775
Filing of rates and supplementary rate information by insurer with Commissioner 686B.1777
When Commissioner may require supporting information regarding rates 686B.1779
Grounds for disapproval of rates. 686B.1781
Payment of dividends: Prohibition against discrimination 686B.1782
Agreements to lessen competition among insurers prohibited 686B.1783
Maintenance of records 686B.1784
Examination by Commissioner 686B.1785
Request for reconsideration of rates 686B.1786
Large-deductible agreements: Applicability. 686B.1787
Insurer or advisory organization may request hearing before Commissioner. 686B.1789
Provisions governing hearing. 686B.1793
Penalties. 686B.1797
Insurer prohibited from withholding or giving false or misleading information to Commissioner or Advisory Organization. 686B.1799
Limitation on liability of insurer or rating organization acting within scope of employment. 686B.17595
“Large-deductible agreement” defined. 686B.17605
“Prospective loss cost” defined. 686B.17645
Duty to file with Commissioner formula to assess insurers for certain costs 686B.17863
Large-deductible agreements: Full collateralization required 686B.17867
Large-deductible agreements: Insurer in hazardous financial condition prohibited from issuing or renewing policy containing large-deductible agreement
Last Updated

Jun. 24, 2021

§ 686B.1765’s source at nv​.us