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NV SB92
Bill
Status
4/12/2025
Primary Sponsor
Carrie Ann Buck
Click for details
AI Summary
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Insurers may implement proposed rate increases or decreases on their proposed effective date while awaiting Commissioner of Insurance approval, except for health plans covered under NRS 686B.112
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If the Commissioner disapproves an already-implemented rate change, a written order must specify the date (at least 90 days after issuance) when the disapproved rate can no longer be used for new or renewed policies
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Rate filings are deemed filed on the date submitted to the Commissioner for implementation purposes, regardless of whether required supporting information is included
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Commissioner determination that a rate proposal is incomplete does not prevent insurers from implementing the proposed rate change pending final approval
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Effective date: July 1, 2025
Legislative Description
Authorizes a proposed increase or decrease in a rate for certain kinds and lines of insurance to be implemented pending approval or disapproval by the Commissioner of Insurance. (BDR 57-93)
Last Action
(Pursuant to Joint Standing Rule No. 14.3.1, no further action allowed.)
4/12/2025