NRS689C.290. Commissioner authorized to suspend restriction on increase of premiums for new rating period based on new business for policy. [Effective through December 31, 2013.]

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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; R 2013, 3661, effective January 1, 2014)

                    
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