689C.290 - Commissioner authorized to suspend restriction on increase of premiums for new rating period based on new business for policy. - Nevada Statutes

State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-689c > Health-benefit-plans > 689c-290

689C.290 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.

(Added to NRS by 1995, 985)

State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-689c > Health-benefit-plans > 689c-290

689C.290 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.

(Added to NRS by 1995, 985)

State Codes and Statutes

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State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-689c > Health-benefit-plans > 689c-290

689C.290 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.

(Added to NRS by 1995, 985)