Nev. Admin. Code § 686A.470

Current through December 31, 2024

Section 686A.470 - Use of standards for determining disciplined current scale established by Actuarial Standards Board

Standards for determining a disciplined current scale established by the Actuarial Standards Board may be used if such standards:

1. Are consistent with the provisions of NAC 686A.460 to 686A.479, inclusive;

2. Limit the disciplined current scale to reflect only actions that have been taken or events that have occurred;

3. Do not permit the disciplined current scale to include any projected trends of improvements in experience or any assumed improvements in experience beyond the illustration date; and

4. Do not permit the assumed expenses to be less than the minimum assumed expenses.

Nev. Admin. Code § 686A.470

Added to NAC by Comm'r of Insurance by R089-97, eff. 1-14-98

NRS 679B.130, 686A.015