689A.625 - Supplemental coverage not health benefit plan if individual carrier files annual certification with Commissioner. - Nevada Statutes

689A.625  Supplemental coverage not health benefit plan if individual carrier files annual certification with Commissioner.  Supplemental coverage is not a health benefit plan if:

      1.  On or before March 1 of each year, the individual carrier files a certification with the Commissioner which contains:

      (a) A statement from the individual carrier certifying that the policies or certificates described are being offered and marketed as supplemental health insurance and not as a substitute for hospital or medical expense insurance or major medical expense insurance; and

      (b) A summary description of each policy or certificate described, including the average annual premium rates, or range of premium rates for cases in which premiums vary by age, sex or other factors, charged for the policies and certificates in this state.

      2.  In the case of a policy or certificate that is offered for the first time in this state on or after January 1, 1998, the individual carrier files with the Commissioner the statement and summary description required by subsection 1 at least 30 days before the date on which the policy or certificate is issued or delivered in this state.

      (Added to NRS by 1997, 2890)