Nevada Administrative Code
Chapter 695C - Health Maintenance Organizations; Provider-Sponsored Organizations
ADMINISTRATION OF ORGANIZATION
Section 695C.285 - Limitation on frequency of increases in premium rates; exceptions

Universal Citation: NV Admin Code 695C.285

Current through December 12, 2024

1. Except as otherwise provided in this section, an organization shall not increase the premium rates for a group health care plan more frequently than every 6 months unless the increase in the premium rates is being made because:

(a) An employer has requested a change in its group health care plan;

(b) There has been a change in the number of employees covered by an employer that would affect the insurance premium rate of the employer; or

(c) There has been a change in federal or state law which affects the cost of providing services under the group health care plan.

2. If an organization issues a group health care plan to a class of employers that consists solely of bona fide associations and uses a common date of renewal for that class, an increase in the premium rates for that class does not violate the provisions of subsection 1 solely because at least one but not all the members of that class will have an increase in premium rates more frequently than every 6 months.

Added to NAC by Comm'r of Insurance by R009-02, eff. 5-23-2002; A by R009-02, 7-11-2002

NRS 679B.130, 695C.275

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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