Nevada Administrative Code
Chapter 687B - Contracts of Insurance
CONTRACTS FOR LONG-TERM CARE
Section 687B.0335 - "Qualified state long-term care insurance partnership contract" or "partnership contract" defined

Universal Citation: NV Admin Code 687B.0335

Current through December 31, 2024

"Qualified state long-term care insurance partnership contract" or "partnership contract" means a qualified long-term care insurance contract that:

1. Provides coverage for insureds who are residents of Nevada on the date that coverage under the contract first becomes effective;

2. Is issued on or after January 1, 2007;

3. Satisfies all the requirements of 42 U.S.C. § 1396 p(b)(1)(C)(iii)(I) to 1396p(b)(1)(C)(iii)(IV), inclusive;

4. Is filed with and approved by the Commissioner as a partnership contract;

5. Is issued by an insurer who complies with the provisions of 42 U.S.C. § 1396 p(b)(1)(C)(iii)(VI); and

6. Is sold by a producer who has received training in and has demonstrated an understanding of partnership contracts and how partnership contracts relate to public and private coverage for long-term care.

Added to NAC by Comm'r of Insurance by R121-07, 9-18-2008, eff. 10-1-2008

NRS 679B.130

Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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