Nev. Admin. Code § 695B.030

Current through December 12, 2024
Section 695B.030 - Filing, contents and delivery of disclosure
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.

Nev. Admin. Code § 695B.030

Added to NAC by Comm'r of Insurance, eff. 2-21-90

NRS 679B.130, 695B.172, 695B.174, 695B.280