ts, general expenses, taxes, licenses and fees. (Added to NRS by 1995, 2049) NRS 686B.1757 “Industrial insurance” defined. “Industrial insurance” means insurance which provides the compensation required by chapters 616A to 617, inclusive, of NRS and employer’s liability insurance provided in connection with that insurance. (Added to NRS by 1995, 2049) NRS 686B.1759 “Insurer” defined. “Insurer” means any private carrier authorized to provide industrial insurance in this state. (Added to NRS by 1995, 2049; A 1997, 1450; 1999, 444, 1833) NRS 686B.176 “Plan for rating experience” defined. “Plan for rating experience” means a procedure used to predict the future losses of an individual policyholder by measuring his past losses against the losses of other policyholders in the same classification to determine any prospective credit, debit or unitary modifications of premiums for the individual policyholder. (Added to NRS by 1995, 2049) NRS 686B.17605 “Prospective loss cost” defined. “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. (Added to NRS by 1999, 2219) NRS 686B.1761 “Rate” defined. “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) NRS 686B.1762 “Willful” defined. “Willful” or “willfully” in relation to an act or omission which constitutes a violation of this chapter means with actual knowledge or belief that the act or omission constitutes a violation and with specific intent to commit the violation. (Added to NRS by 1995, 2049) NRS 686B.1763 Applicability of provisions; Commissioner to administer provisions. 1. NRS 686B.1751 to 686B.1799, inclusive, apply to insurers providing industrial insurance and to the Advisory Organization designated by the Commissioner. The Commissioner shall administer the provisions of these sections. 2. These provisions apply to all industrial insurance issued in this state except reinsurance. (Added to NRS by 1995, 2049) NRS 686B.1764 Designation; duties. The Commissioner shall designate one licensed advisory organization to act as his statistical agent and to assist him in compiling relevant statistical information. The designation must be made pursuant to reasonable competitive bidding procedures established by the Commissioner. The Advisory Organization shall: 1. Provide reliable statistics for industrial insurance. 2. Collect and tabulate information and statistics in a Uniform Statistical Plan, to be approved and used by the Commissioner. 3. Formulate a manual of rules reasonably related to the recording and reporting of data according to the Uniform Statistical Plan, Uniform Plan for Rating Experience and the Uniform System of Classification, and present the proposed manual to the Commissioner for approval. (Added to NRS by 1995, 2050) NRS 686B.17645 Duty to file with Commissioner formula to assess insurers for certain costs; approval of formula. 1. The Advisory Organization shall, at least 60 days before imposing an assessment pursuant to this section, file with the Commissioner a formula for an assessment on all insurers, which results in an equitable distribution among all insurers, of: (a) The costs of paying the expenses of the members of the appeals panel for industrial insurance pursuant to the provisions of NRS 616B.770; and (b) Any costs incurred by the Advisory Organization to administer the appeals panel for industrial insurance pursuant to the provisions of NRS 616B.760 to 616B.790, inclusive. 2. The formula for the assessment filed pursuant to subsection 1 shall be deemed approved unless it is disapproved by the Commissioner within 60 days after it is filed. (Added to NRS by 1999, 3381; A 2001, 2256) NRS 686B.1765 Powers. The Advisory Organization may: 1. Develop statistical plans including definitions for the classification of risks. 2. Collect statistical data from its members and subscribers or any other reliable source. 3. Prepare and distribute data on prospective loss costs. 4. Prepare and distribute manuals of rules and schedules for rating which do not permit calculating the final rates without using information other than the information in the manual. 5. Distribute any information filed with the Commissioner which is open to public inspection. 6. Conduct research and collect statistics to discover, identify and classify information on the causes and prevention of losses. 7. Prepare and file forms and endorsements for policies and consult with its members, subscribers and any other knowledgeable persons on their use. 8. Collect, compile and distribute information on the past and current premiums charged by individual insurers if the information is available for public inspection. 9. Conduct research and collect information to determine what effect changes in benefits to injured employees pursuant to chapters 616A to 617, inclusive, of NRS will have on prospective loss costs. 10. Prepare and distribute rules and rating values for the Uniform Plan for Rating Experience. 11. Calculate and provide to the insurer the modification of premiums based on the individual employer’s losses. 12. Assist an individual insurer to develop rates, supplementary rate information or other supporting information if authorized to do so by the insurer. (Added to NRS by 1995, 2050; A 1997, 1450, 1451; 1999, 444, 2220, 2224; 2001, 154) NRS 686B.1767 Prohibited acts. An advisory organization shall not: 1. Compile or distribute recommendations concerning rates which include expenses, other than expenses to adjust losses or profit; or 2. File rates, supplementary rate information or supporting information on behalf of an insurer. (Added to NRS by 1995, 2050; A 1997, 1451, 1452; 1999, 444, 2224) NRS 686B.1769 Uniform Plan for Rating Experience: Requirements; use. 1. The Uniform Plan for Rating Experience must: (a) Contain reasonable standards for eligibility in the Plan; (b) Provide adequate incentives for employers to prevent losses; and (c) Permit sufficient differences in an insurer’s premiums to encourage safety at the employer’s place of business. 2. The Plan must be the exclusive basis for adjusting future premiums by evaluating an individual employer’s characteristics which tend to produce losses, but an insurer may file a rating plan that provides for an adjustment of premiums retrospectively based on an individual employer’s past experience of losses. (Added to NRS by 1995, 2051) NRS 686B.177 Rating information to be filed with Commissioner; approval of rates; Commissioner to report certain changes to Director of Legislative Counsel Bureau; maximum permissible variance from approved rate. 1. The Advisory Organization shall file with the Commissioner a copy of every prospective loss cost, every manual of rating rules, every rating schedule and every change, amendment or modification to them which is proposed for use in this state at least 60 days before they are distributed to the organization’s members, subscribers or other persons. The rates shall be deemed to be approved unless they are disapproved by the Commissioner within 60 days after they are filed. 2. The Commissioner shall report any changes in rates or in the Uniform Plan for Rating Experience, the Uniform Statis

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