689B.180 - Issuance and effective date of converted policy; premiums; persons covered. - Nevada Statutes

689B.180  Issuance and effective date of converted policy; premiums; persons covered.  The insurer shall:

      1.  Issue the converted policy, as described in NRS 689B.590, without evidence of insurability;

      2.  Establish the premium on the converted policies in the manner provided in subsections 3, 4 and 5, or pursuant to subsection 6, of NRS 689B.590, and may not require that premiums be paid annually, semi-annually or quarterly unless so requested by the employee, a member or a dependent;

      3.  Provide that the effective date of the converted policy is 12:01 a.m. on the day after the termination of insurance under the group policy; and

      4.  Provide that the converted policy covers the employee or member and the dependents of the employee or member who were covered by the group policy on the date of its termination. A separate converted policy may be issued to cover any dependent.

      (Added to NRS by 1979, 1084; A 2001, 2223)