Nev. Rev. Stat. ch. 686B – Rates and Essential Insurance | Midpage

Collections
Nevada Revised Statutes

Chapter 686B

Nev. Rev. Stat. ch. 686B

Rates and Essential Insurance

686B.010Construction and purposes 686B.020Definitions 686B.030Applicability 686B.040Exemptions 686B.045Waiver for state innovation of applicable provisions of Patient Protection and Affordable Care Act; implementation of state plan 686B.050Standards 686B.060Determination of whether rates comply with standards 686B.070Filing of rates, forms of related policies and supplementary information and any changes and amendments thereof with Commissioner 686B.073Program of flex-rated filing; qualifications for filing under program; circumstances under which filing under program not allowed; review by Commissioner of filings; regulations 686B.080Filing and supporting information open to public inspection; copies; exceptions 686B.090Rates and supplementary information: Established based on factors or through modified use of rate service organization in certain circumstances 686B.100Filing of supporting data 686B.110Approval or disapproval of rate proposals for kind or line of insurance other than health plans: Procedure; regulations 686B.112Approval or disapproval of rate filing for health plan: Procedure; regulations; assessment of costs 686B.115Hearing on rates open to public; cost for transcripts; public testimony 686B.117Intervention in hearing on rates 686B.119Notice to policyholders by insurer of material change in premiums based upon change in zip code of policyholder by United States Postal Service; regulations 686B.125Limitation on rates for coverage for dental care; annual report of losses and premiums collected required; calculation of average ratio of losses to premiums and identification of excessive rate; examination by Commissioner to ascertain compliance; consequences of failure to comply with limitation on rates; exceptions 686B.130Licensing of rate service organization and advisory organization: Required to provide services relating to rates of certain insurance; services of rate service organization and advisory organization required to be offered to any insurer 686B.140Licensing of rate service organization and advisory organization: Application; issuance, expiration and renewal of license 686B.140Licensing of rate service organization and advisory organization: Application; issuance, expiration and renewal of license 686B.143Payment of child support: Statement by applicant for license; grounds for denial of license; duty of Commissioner 686B.147Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license 686B.150Binding agreements by insurers relating to rates and rules 686B.160Rules providing statistical plans for use by insurers in recording and reporting of experience; authorized designation of rate service organization to assist Commissioner in gathering and compiling experience for availability to public 686B.170Examination of service organizations by Commissioner 686B.175Commissioner authorized to assess insurers for state contribution for federally reinsured losses 686B.1751Definitions 686B.1752“Advisory Organization” defined 686B.1754“Classification of risks” defined 686B.1755“Expenses” defined 686B.1757“Industrial insurance” defined 686B.1759“Insurer” defined 686B.17595“Large-deductible agreement” defined 686B.176“Plan for rating experience” defined 686B.17605“Prospective loss cost” defined 686B.1761“Rate” defined 686B.1762“Willful” defined 686B.1763Applicability of provisions; Commissioner required to administer provisions 686B.1764Designation as statistical agent; duties 686B.17645Duty to file with Commissioner formula to assess insurers for certain costs; approval of formula 686B.1765Powers 686B.1767Prohibited acts by advisory organization 686B.1769Uniform Plan for Rating Experience: Requirements; use 686B.177Rating information to be filed with Commissioner; approval of rates 686B.1771Insurer not required to issue policy of industrial insurance to any particular employer; plan for apportionment among insurers of persons entitled to insurance who have not been accepted by an insurer; approval of rates for plan by Commissioner; regulations 686B.1772Insurers required to adhere to Uniform System of Classifications of Risks and Uniform Plan for Rating Experience; filing with and approval by Commissioner of subclassifications for Uniform System of Classification 686B.1773Insurers required to record and report certain information and adhere to manual of rules and Uniform Plan for Rating Experience 686B.1774Commissioner required to determine whether interaction among insurers and employers for buying and selling industrial insurance is competitive 686B.1775Filing of rates, supplementary rate information and supporting data by insurer with Commissioner; findings of Commissioner 686B.1777Circumstances under which Commissioner authorized to require supporting information regarding rates and required to hold hearing related to disapproval of rates 686B.1779Disapproval of rates: Authority of Commissioner; required grounds 686B.178Disapproval of rates: Commissioner required to issue written order stating reasons for disapproval and date by which insurer must discontinue use of rate 686B.1781Payment of dividends: Prohibition against discrimination among policyholders; submission of plan for payments and other requirements related to industrial insurance 686B.1782Agreements to lessen competition among insurers prohibited; insurers prohibited from agreeing to rates established in manner that conflicts with provisions 686B.1783Maintenance of records by insurer, advisory organization or plan for apportioned risks; examination of records by Commissioner 686B.1784Examination of insurer, advisory organization or plan for apportioned risks by Commissioner; exception; cost of examination 686B.1785Request for reconsideration of rates by Advisory Organization or insurer; appeal 686B.1786Large-deductible agreements: Applicability 686B.17863Large-deductible agreements: Full collateralization required; size of obligations limited 686B.17867Large-deductible agreements: Insurer in hazardous financial condition prohibited from issuing or renewing policy containing large-deductible agreement; exception 686B.1787Insurer or advisory organization authorized to request hearing before Commissioner related to order made or action taken by Commissioner without hearing 686B.1789Provisions governing hearing 686B.179Revocation or suspension of license 686B.1793Penalties 686B.1797Insurer prohibited from withholding or giving false or misleading information to Commissioner or Advisory Organization 686B.1799Limitation on liability of insurer or rating organization acting within scope of employment 686B.180Unavailability of essential coverage; plans for providing coverage; regulations 686B.185Immunity of Commissioner and association 686B.200Voluntary plan for sharing risks: Submission to and approval by Commissioner 686B.210Nevada Essential Insurance Association: Establishment; membership; plan of operation; regulations 686B.220Nevada Essential Insurance Association: Membership and reimbursement of Board of Directors; submission to and approval or adoption of plan of operation by Commissioner 686B.230Nevada Essential Insurance Association: General powers 686B.240Nevada Essential Insurance Association: Powers of Commissioner and Association 686B.250Nevada Essential Insurance Association: Immunity from liability 686B.260Conversion into domestic stock insurer: “Insured” defined 686B.270Conversion into domestic stock insurer: Applicability of certain provisions governing nonprofit cooperative corporations 686B.280Conversion into domestic stock insurer: Filing and contents of notice of intent to qualify 686B.290Conversion into domestic stock insurer: Notice to insurers and insureds; hearing 686B.300Conversion into domestic stock insurer: Determination of percentage of stock for each insured 686B.310Conversion into domestic stock insurer: Capitalization 686B.320Conversion into domestic stock insurer: Issuance of certificate of authority 686B.330Conversion into domestic mutual insurer or domestic reciprocal insurer: “Insured” defined 686B.340Conversion into domestic mutual insurer or domestic reciprocal insurer: Exemption from applicability of NRS 81.130 and 81.510 686B.350Conversion into domestic mutual insurer or domestic reciprocal insurer: Filing and contents of notice of intent to qualify 686B.360Conversion into domestic mutual insurer or domestic reciprocal insurer: Notice to insurers and insured; hearing; compliance with certain provisions for qualification 686B.370Conversion into domestic mutual insurer or domestic reciprocal insurer: Issuance of certificate of authority