NRS 686B.1779 Disapproval of rates: Authority of Commissioner; required grounds.
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NRS 686B.1779 Disapproval of rates: Authority of Commissioner; required grounds.
1. The Commissioner may disapprove a rate filed by an insurer at any time.
2. The Commissioner shall disapprove a rate if:
(a)An insurer has failed to meet the requirements for filing a rate pursuant to this chapter or the regulations of the Commissioner;
(b)The rate is inadequate or unfairly discriminatory and the interaction among insurers and employers is competitive; or
(c)A rate is inadequate, excessive or unfairly discriminatory and the Commissioner has found and issued an order that the interaction among the insurers and employers is not competitive.