Nev. Admin. Code § 616B.719 - Calculation of expected annual expenditures for claims

Current through August 4, 2021

1. Except as otherwise provided in NAC 616B.7761, the amount of the expected annual expenditures for claims of an insurer is the annualized average of his or her expenditures for claims made during the 3 previous calendar years, unless estimated by the Division pursuant to NAC 616B.716.
2. For the purposes of this section, the annualized average will be calculated by dividing the total expenditures for claims for the 3 previous calendar years by the number of years, or portion thereof, for which claims are reported.

Notes

Nev. Admin. Code § 616B.719
Added to NAC by Dep't of Industrial Relations, eff. 8-26-83; A by Div. of Industrial Relations by R096-99, 11-29-99

NRS 232.680, 616A.400

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