2011 Nevada Revised Statutes
Chapter 686B - Rates and Essential Insurance
NRS 686B.1769 - Uniform Plan for Rating Experience: Requirements; use.
1. The Uniform Plan for Rating Experience must:
(a) Contain reasonable standards for eligibility in the Plan;
(b) Provide adequate incentives for employers to prevent losses; and
(c) Permit sufficient differences in an insurer s premiums to encourage safety at the employer s place of business.
2. The Plan must be the exclusive basis for adjusting future premiums by evaluating an individual employer s characteristics which tend to produce losses, but an insurer may file a rating plan that provides for an adjustment of premiums retrospectively based on an individual employer s past experience of losses.
(Added to NRS by 1995, 2051)
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