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Any rates filed before April 1 2007 are null and void effective on July 1 2007 with no exceptions. Insurers that consider previously filed rates to be reasonable pursuant to Regulation R114-06 must comply with this regulation by resubmitting their rates for review and approval by the Commissioner. Return the contact information no later than June 15 2007 to Property Casualty Section Division of Insurance 788 Fairview Drive Suite 300 Carson City Nevada 89701. Each insurer that writes credit...
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Compliance with regulations pertains to following laws, rules, and standards set forth by governing bodies.
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The purpose of compliance is to ensure that entities adhere to regulations to maintain legality and ethical practices.
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The required information to report on compliance varies depending on the specific regulations but generally involves data, documentation, and certifications.
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