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