Nevada Administrative Code
Chapter 695B - Nonprofit Corporations for Hospital, Medical and Dental Service
SUMMARY OF COVERAGE
Section 695B.030 - Filing, contents and delivery of disclosure
Universal Citation: NV Admin Code 695B.030
Current through December 12, 2024
1. Each corporation shall file with the Commissioner, for his approval, a disclosure summarizing the coverage provided by a group contract for hospital or medical service offered by the corporation.
2. The disclosure must:
(a) Be in at least 10-point type;
(b) Include the name, address and telephone number of the corporation;
(c) Include the name, address and telephone number of the agent, broker and administrator, if applicable;
(d) Include a statement describing the principal benefits and the type of coverage being provided;
(e) Include a description of any provision of the contract which significantly excludes, eliminates, reduces or in any other manner operates to limit the payment of the benefits;
(f) Include a statement concerning the renewal provisions of the contract; and
(g) Define the term "usual and customary" or any similar term used in the contract.
3. The agent for the corporation, the corporation after a response to a direct-response solicitation or the broker representing the insured shall deliver the approved disclosure summary to the proposed policyholder as provided in NRS 695B.174.
Added to NAC by Comm'r of Insurance, eff. 2-21-90
NRS 679B.130, 695B.172, 695B.174, 695B.280
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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