Nevada Administrative Code
Chapter 687B - Contracts of Insurance
CONTRACTS FOR LONG-TERM CARE
Section 687B.108 - Prohibited increases in premiums

Universal Citation: NV Admin Code 687B.108

Current through December 31, 2024

1. The premium charged to an insured for long-term care insurance must not increase because of:

(a) The increasing age of the insured beyond 65 years of age; or

(b) The duration the insured has been covered under the policy.

2. The purchase of additional coverage must not be considered a premium rate increase, but, for calculation purposes, the portion of the premium attributable to the additional coverage must be added to and considered part of the initial annual premium.

3. A reduction in benefits must not be considered a premium change but, for calculation purposes, the initial annual premium must be based on the reduced benefits.

Added to NAC by Comm'r of Insurance, eff. 12-15-94; A by R028-10, 12-16-2010, eff. 10-1-2011

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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