NRS 686B.1771
Plan for apportionment among insurers of persons entitled to insurance who have not been accepted by an insurer.

1.

No insurer is required to issue to any particular employer a policy for industrial insurance.

2.

The Commissioner shall approve a plan submitted by the Advisory Organization for equitable apportionment among insurers of those persons who in good faith are entitled to insurance but who have not been accepted by an insurer. Every insurer shall participate in the plan. The Commissioner shall adopt regulations to carry out the plan.

3.

The Advisory Organization shall submit to the Commissioner the rates, supplementary rate information and forms for policies for the plan at least 60 days before they become effective. The rates submitted to the Commissioner must:

(a)

Reflect the experience of the persons insured pursuant to the plan to the extent that those rates are actuarially appropriate.

(b)

Be actuarially determined to ensure that the plan is self-sustaining.

4.

The Commissioner shall disapprove any rates for the plan which do not meet the standards of NRS 686B.050. The rates shall be deemed to be approved unless they are disapproved by the Commissioner within 60 days after they are filed pursuant to the procedures in NRS 686B.1775.

Source: Section 686B.1771 — Plan for apportionment among insurers of persons entitled to insurance who have not been accepted by an insurer., https://www.­leg.­state.­nv.­us/NRS/NRS-686B.­html#NRS686BSec1771.

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

Feb. 5, 2021

§ 686B.1771’s source at nv​.us