NRS 690A.093
Establishment of reasonable rates by regulation

  • use of certain rates without filing with Commissioner.

1.

The Commissioner shall, by regulation, establish reasonable rates as described in this chapter and in accordance with the standards established in NRS 686B.050 and 686B.060. The rates must be reasonable in relation to the benefits provided and must not be excessive, inadequate or unfairly discriminatory.

2.

The Commissioner may, by regulation, establish rates that an insurer may use without filing pursuant to NRS 690A.085. In establishing such rates, the Commissioner shall consider and apply the following factors:

(a)

Actual and expected loss experience;

(b)

General and administrative expenses;

(c)

Loss settlement and adjustment expenses;

(d)

Reasonable creditor compensation;

(e)

The manner in which premiums are charged;

(f)

Other acquisition costs;

(g)

Reserves;

(h)

Taxes;

(i)

Regulatory license fees and fund assessments;

(j)

Reasonable insurer profit; and

(k)

Other relevant data consistent with generally accepted actuarial standards.

Source: Section 690A.093 — Establishment of reasonable rates by regulation; use of certain rates without filing with Commissioner., https://www.­leg.­state.­nv.­us/NRS/NRS-690A.­html#NRS690ASec093.

690A.010
Scope. 690A.011
Definitions. 690A.012
“Compensation” defined. 690A.015
“Credit insurance” and “consumer credit insurance” defined. 690A.016
“Credit life insurance” defined. 690A.017
“Creditor” defined. 690A.018
“Debtor” defined. 690A.045
Amounts of credit life insurance. 690A.050
Amounts of credit accident and health insurance or credit unemployment insurance. 690A.055
Combinations of consumer credit insurance 690A.063
Commencement of consumer credit insurance 690A.067
Term and cancellation of consumer credit insurance. 690A.073
Required disclosures. 690A.075
Acceptance of insurance by insurer other than named insurer 690A.077
Policies and certificates of insurance: Contents 690A.083
Delivery of application or notice of proposed insurance 690A.085
Policies, forms and schedules: Filing 690A.087
Adoption of forms by regulation 690A.093
Establishment of reasonable rates by regulation 690A.095
Filing of revised schedule of premium rates. 690A.097
Refund of unearned premiums 690A.103
Payment for consumer credit insurance without issuance of individual policy or group certificate. 690A.107
Amount charged for consumer credit insurance. 690A.120
Issuance of policies and certificates of consumer credit insurance. 690A.130
Claims. 690A.0135
“Credit accident and health insurance” defined. 690A.140
Existing insurance 690A.0163
“Credit transaction” defined. 690A.0167
“Credit unemployment insurance” defined. 690A.0195
“Gross debt” defined. 690A.0205
“Identifiable charge” defined. 690A.0243
“Net debt” defined. 690A.0247
“Open-end credit” defined. 690A.260
Transfers to unauthorized insurer. 690A.273
Creditor as agent of insurer. 690A.277
Regulations. 690A.280
Administrative penalties
Last Updated

Feb. 5, 2021

§ 690A.093’s source at nv​.us