Nevada Administrative Code
Chapter 687B - Contracts of Insurance
CONTRACTS FOR LONG-TERM CARE
Section 687B.081 - Notification of availability of new series of contracts

1. The provisions of this section do not apply to a policy of life insurance or a rider or endorsement to a policy of life insurance that contains accelerated benefits for long-term care.

2. Except as otherwise provided in subsections 3, 6 and 7, an insurer shall notify each policyholder or certificate holder of the availability of any new series of long-term care insurance contracts that provides material coverage for long-term care services or providers that was not previously available through the insurer to the general public, not later than 12 months after the date the new series of long-term care insurance contracts is made available for sale in this State.

3. The notification required by subsection 2 is not required for any long-term care insurance contract or certificate issued:

4. The insurer may require that the insured meet all eligibility requirements, including, without limitation, any underwriting requirements and payment of premiums to add any new coverage described in subsection 2.

5. The insurer shall make any new coverage described in subsection 2 available:

6. An insurer is not required to notify policyholders of a new proprietary long-term care insurance contract series created and filed for use in a limited distribution channel except that the insurer must notify any policyholder who purchases such a proprietary long-term care insurance contract when a new series of long-term care insurance contracts that provides material coverage for new long-term care services or providers is made available to that limited distribution channel. As used in this subsection, "limited distribution channel" means a discrete entity, including, without limitation, a financial institution or brokerage, through or for which specialized products are available that are not available for sale to the general public.

7. If the new series of long-term care insurance contracts is offered through an employer, labor organization, or professional, trade or occupational association, the insurer is only required to provide notice to the offering entity unless the policy is issued to a group described in subsection 4 of NAC 687B.025, in which case notice must be provided to each certificate holder.

8. A long-term care insurance contract or certificate issued pursuant to this section:

9. The provisions of this section do not prohibit an insurer from offering any policy, rider, endorsement, certificate or change in coverage to any policyholder or certificate holder. The insurer may require that policyholders meet all eligibility requirements of the offered policy, rider, endorsement, certificate or change in coverage, including underwriting and the payment of the required premium to add such new services or providers.

10. Upon request, any policyholder or certificate holder may apply for any currently available coverage that includes any new services or providers described in subsection 2.