Section 690B.575 - Qualified risk management systems: Offer by insurer; reduction in premium; fee1. An insurer that issues a policy of medical malpractice insurance must offer a qualified risk management system to an insured.2. If the insured implements a qualified risk management system offered by the insurer, the rating plan of the insurer must provide for a reduction in the premium for the policy of professional liability insurance.3. At the discretion of the insurer, the rating plan of the insurer may provide that the reduction in premium may be given:(a) As a discount at the beginning of the period covered by the policy; or(b) As a refund at the end of the period covered by the policy.4. In addition to any other fees that may be a part of the rating plan of the insurer, the insurer may charge a reasonable fee as part of the rating plan for providing a qualified risk management system to an insured.Nev. Admin. Code § 690B.575
Added to NAC by Comm'r of Insurance by R091-03, eff. 9-24-2003