Section 687B.265 - Notice of modifications to policy or certificate; compliance with certain notice requirements1. As soon as practicable, but not later than 30 days before the annual effective date of any changes in Medicare benefits, an issuer shall notify each policyholder and certificate holder of any modifications it has made to the policy to supplement Medicare or the certificate. The notice must: (a) Include a description of any revisions to the Medicare program and a description of each modification made to the coverage provided under the policy or certificate.(b) Inform each policyholder or certificate holder of the date on which any adjustment of premiums is to be made because of changes in Medicare.(c) Be in outline form and in clear and simple terms so as to facilitate comprehension.(d) Be in a format which is acceptable to the Commissioner.2. The notice must not contain or be accompanied by any solicitation.3. Issuers shall comply with any notice requirements of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, Public Law 108-173, 117 Stat. 2066, December 8, 2003.Nev. Admin. Code § 687B.265
Added to NAC by Comm'r of Insurance, 2-21-89, eff. 3-15-89; A 11-16-90; 7-16-92, eff. 7-30-92; A by Div. of Insurance by R078-05, 11-17-2005, eff. 9-8-2005 for Plans K and L, and 1-1-2006 for Medicare Part D Prescription Drug Benefit