Nevada_Executive_Budget_2013-2015

Activity: RATE AND FORM REVIEW AND APPROVAL
This activity reviews and approves rates, underwriting rules, forms, or some combination thereof
for all lines of health and life or property and casualty insurance products, and ensures the forms
comply with the statutory requirements regarding mandated coverage, cancellation and nonrenewal
requirements, and rates.
Performance Measures
1. Reviewed Form Filings
2012 2013 2014 2015
Type: New New Projected Projected
Amount: 1,000 1,000
2. Filings Processed within Sixty Days of Receipt
2012 2013 2014 2015
Type: New New Projected Projected
Percent: 95.00% 95.00%
3. Filings Submitted to Pricing Actuary
2012 2013 2014 2015
Type: New New Projected Projected
Amount: 100 100
Population / Workload
1. Nevada Health Insurance Consumer
2012 2013 2014 2015
Type: Projected Projected
Amount: 1,100,000 1,100,000
2. Insurance Companies Authorized in Nevada
2012 2013 2014 2015
Type: Projected Projected
Amount: 1,900 1,900
3. Producers/Brokers Authorized in Nevada
2012 2013 2014 2015
Type: Projected Projected
Amount: 1,790,000 1,790,000
Resources
Funding FY 2014 FY 2015
Federal Fund $ 150,681 151,476
FTE 0.00 0.00
Transfers $ 153,465 153,465
FTE 0.00 0.00
Other $ 1,386,283 1,431,973
FTE 14.35 14.35
TOTAL $ 1,690,430 1,736,913
FTE 14.35 14.35
Objectives FY 2014 FY 2015
Customer Service (Business
Development and Services)
845,215 868,457
Compliance (Business
Development and Services)
845,215 868,457
DEPARTMENT OF BUSINESS AND INDUSTRY B & I - 21
B&I - INSURANCE DIVISION