Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE57 INSURANCE |
CHAPTER686B. Rates and Essential Insurance |
RATES AND SERVICE ORGANIZATIONS |
Advisory Organization for Industrial Insurance |
NRS686B.1761. “Rate” defined.
Latest version.
- “Rate” means the cost of insurance based on a unit of exposure to liability before any adjustments are made for an individual employer’s losses, or expenses, or a combination of both. The term does not include minimum premiums charged by an insurer.
(Added to NRS by 1995, 2049)