Filing Information

Filing Requirements

All Property and Casualty filings must be submitted using the System for Electronic Rate and Form Filing (SERFF), and the Electronic Funds Transfer (EFT) function within SERFF when submitting the filing fee. Filing instructions are available within SERFF or in Bulletin 10-010. See Filings Required by Line of Insurance to determine if rates or forms require filing for a specific type of insurance. For deemer requirements, applicable to personal rate-change filings, please refer to Deemer Provision.

Filing Fees:

Paper Filings:

Insurers are required to submit all rate/rule and form filings applicable to Property and Casualty lines of insurance using SERFF (http://www.serff.com). However, on a limited basis, paper filings may be submitted for:

• Title and escrow rates and forms,
• Motor club forms, and
• Premium finance rates and forms.

Paper filings must include the Property & Casualty Transmittal Document (instructions available) and a check for the filing fee payable to the State of Nevada Division of Insurance. 

Review Standards Checklist:

The Review Standards Checklist provides Nevada's statutory and regulatory rate and form requirements both generally and by lines of insurance. This includes state-specific requirements, such as cancellation and nonrenewal provisions, along with statutory and regulatory cites.

Required Filing at a Glance 

NOTICE: Complex Property and Casualty (P&C) Rate Filings May Not Exceed 1000 Pages

Effective March 1, 2020, to facilitate faster review and approval, the Property and Casualty Section generally will not accept rate filings in SERFF that exceed 1000 company-submitted pages. This does not include narrative portions of the Filing Memorandum or Objection Responses or any pages generated by the Division or by SERFF itself. Insurers are encouraged to structure their filings in a manner that would maximize the speed and ease of the NVDOI’s review.

Suggestions for Insurers to Satisfy the 1000-Page Limitation

1. For combination Form/Rate/Rule filings, split the form portion into a separate filing.

2. For Rate/Rule filings, split any large filing by subject matter. For instance, separate filings could pertain to the following:

a. The NVDOI-required compliance exhibits (e.g., the Rate Disruption, Profitability Report, NV PC Forms, Credit Scoring Statement, and similar exhibits) corresponding to changes simultaneously submitted in multiple filings;

b. The overall rate indication/base-rate-only filing;

c. Variable-specific changes, preferably grouped with qualitatively similar kinds;

d. Each predictive model.

3. Submit PDF tables as Excel documents. Exhibits submitted as both Excel spreadsheets and PDF documents will not count twice towards the 1000-page limit, and submitting in Excel format will actually reduce the number of pages as one tab of the spreadsheet will count as one page, regardless of length.

4. Simplify the presentation of rate-related changes by providing generally applicable formulas and verbally comprehensible decision rules for assigning relativities to certain categories of insureds. For example, if insureds of types A, B, and C would receive a relativity of X, instead of providing a table with three rows for insureds of types A, B, and C, provide a single row containing all three types or a single sentence stating that “Insureds of types A, B, and C receive a relativity of X.” If any mathematical formula or concise decision rule can summarize the rating treatment for any category of insureds, present the formula or decision rule, preferably accompanied by a well-labeled graph, in place of a lengthy table of rating factors. Only provide tables of individual category-specific factors if the information cannot be more concisely and completely described in another way.

5. Never include “placeholder” variables for which there is no differentiation in rating treatment. The NVDOI cannot approve variables that the insurer intends to use in the future but for which the insurer does not propose any present variation in rating factors / relativities.

6. Do NOT reduce the font size in order to achieve the page limit. Pages with text of less than 10-point font may count as multiple pages.

7. If the company intends to submit a complex rate proposal, it is strongly recommended that the company contact Property and Casualty Section staff beforehand to discuss the most effective ways of structuring that proposal, including possible segmentations into multiple filings. To initiate this discussion, please e-mail tghan@doi.nv.gov, mjmoore@doi.nv.gov, and gstolyarov@doi.nv.gov.