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Nevada Revised Statutes Title 57. Insurance § 686B.1764. Designation as statistical agent; duties

Current as of January 01, 2025 | Updated by Findlaw Staff

The Commissioner shall designate one licensed advisory organization to act as the Commissioner’s statistical agent and to assist the Commissioner in compiling relevant statistical information. The designation must be made pursuant to reasonable competitive bidding procedures established by the Commissioner. The Advisory Organization shall:

1. Provide reliable statistics for industrial insurance.

2. Collect and tabulate information and statistics in a Uniform Statistical Plan, to be approved and used by the Commissioner.

3. Formulate a manual of rules reasonably related to the recording and reporting of data according to the Uniform Statistical Plan, Uniform Plan for Rating Experience and the Uniform System of Classification, and present the proposed manual to the Commissioner for approval.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 686B.1764. Designation as statistical agent; duties - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-686b-1764/

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