Nevada Administrative Code
Chapter 687B - Contracts of Insurance
CONTRACTS FOR LONG-TERM CARE
Section 687B.0332 - "Qualified long-term care insurance contract" or "federally tax-qualified long-term care insurance contract" defined
Current through December 31, 2024
"Qualified long-term care insurance contract" or "federally tax-qualified long-term care insurance contract" means:
1. Any individual insurance contract or group insurance contract that meets the requirements of 26 U.S.C. § 7702 B(b);
2. The portion of any life insurance contract which provides long-term care insurance coverage by rider, endorsement or as part of the contract and which satisfies the requirements of 26 U.S.C. §§ 7702 B(b) and 7702B(e); or
3. The portion of any annuity contract which provides long-term care insurance coverage by rider, endorsement or as part of the contract and which satisfies the requirements of 26 U.S.C. § 7702 B(b) and section 844 of the Pension Protection Act of 2006, Public Law 109-280.
Added to NAC by Comm'r of Insurance by R121-07, 9-18-2008, eff. 10-1-2008; A by R028-10, 12-16-2010, eff. 10-1-2011
NRS 679B.130
