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2010 Nevada Code
TITLE 57 INSURANCE
Chapter 686B Rates and Essential Insurance
NRS 686B.17605 "Prospective loss cost" defined.

NRS 686B.17605 "Prospective loss cost" defined. "Prospective loss cost" means the portion of a rate that is based on historical aggregate losses and loss adjustment expenses which are adjusted to their ultimate value and projected to a future point in time. Except as otherwise provided in this section, the term does not include provisions for expenses or profit.

(Added to NRS by 1999, 2219)



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