Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 686B.17605: “Prospective loss cost” defined.

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TITLE 57 — INSURANCE
CHAPTER 686B - RATES AND ESSENTIAL INSURANCE
RATES AND SERVICE ORGANIZATIONS
Advisory Organization for Industrial Insurance

“Prospective loss cost” means the portion of a rate that is based on historical aggregate losses and loss adjustment expenses which are adjusted to their ultimate value and projected to a future point in time. Except as otherwise provided in this section, the term does not include provisions for expenses or profit.

Collected 2026-09-03T05:51:46Z. Source file · JSON

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