689A.485 - “Bona fide association” defined. - Nevada Statutes

689A.485  “Bona fide association” defined.  “Bona fide association” means, with respect to health insurance coverage offered in this state, an association that:

      1.  Has been actively in existence for at least 5 years;

      2.  Has been formed and maintained in good faith for purposes other than obtaining insurance;

      3.  Does not condition membership in the association on any health status-related factor relating to an individual, including an employee of an employer or a dependent of an employee;

      4.  Makes health insurance coverage offered through the association available to all of its members regardless of any health status-related factors of the members or other individuals who are eligible for such health insurance coverage through a member of the association;

      5.  Does not make health insurance coverage offered through the association available other than in connection with a member of the association; and

      6.  Meets such additional requirements as may be imposed by specific statute.

      (Added to NRS by 1997, 2883)