Nevada Revised Statutes 695B.230 – Filing and approval of forms and schedules of premium rates
If more than one class of risk is included:
Terms Used In Nevada Revised Statutes 695B.230
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
1. A hospital or medical or dental service contract or evidence of coverage under a group or nongroup contract must not be issued or delivered in this state until a copy of the form of the contract is filed with the Commissioner and either:
(a) Thirty days expires without notice from the Commissioner after the copy is filed; or
(b) The Commissioner gives written approval before that time.
2. A schedule of premium rates to be paid by subscribers under either a group or nongroup contract must not be issued, delivered or used by any nonprofit hospital, medical or dental service corporation until that corporation files with the Commissioner a copy of the schedule together with any supplementary information required by the Commissioner and either:
(a) Thirty days expires without notice from the Commissioner after the copy is filed; or
(b) The Commissioner gives written approval before that time.