Nevada Revised Statutes Section 689C.290 - Insurance

Commissioner authorized to suspend restriction on increase of premiums for new rating period based on new business for policy. The Commissioner may suspend for a specified period the application of paragraph (a) of subsection 1 and of subsection 2 of NRS 689C.210 as to the premium rates applicable to one or more small employers included within a class of business of a carrier serving small employers for one or more rating periods upon application by the carrier and a finding by the Commissioner that the suspension:

1. Is reasonable in light of the financial condition of the carrier; or

2. Would enhance the efficiency and fairness of the market for health insurance for small employers.

Last modified: February 27, 2006