Skip to main content
Find a Lawyer

Nevada Revised Statutes Title 57. Insurance § 690A.093. Establishment of reasonable rates by regulation; use of certain rates without filing with Commissioner

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

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.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 690A.093. Establishment of reasonable rates by regulation; use of certain rates without filing with Commissioner - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-690a-093/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard