As used in NRS 687B.860 to 687B.884, inclusive, unless the context otherwise requires, the words and terms defined in NRS 687B.862 to 687B.876, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2021, 2969)
“Attachment point” means the amount of claims or losses incurred by an insured beyond which an insurer under a policy of stop-loss insurance incurs a liability for payment to the insured. (Added to NRS by 2021, 2970)
“Group health plan” has the meaning ascribed to it in NRS 689B.390. (Added to NRS by 2021, 2970)
“Health care services” has the meaning ascribed to it in NRS 687B.620. (Added to NRS by 2021, 2970)
“Multiple employer welfare arrangement” has the meaning ascribed to it in NRS 680A.028. (Added to NRS by 2021, 2970)
“Network” has the meaning ascribed to it in NRS 687B.640. (Added to NRS by 2021, 2970)
“Policy of provider stop-loss insurance” means a policy of stop-loss insurance which: 1. Is issued to a provider of health care or a network; 2. Provides coverage for losses of the provider of health care or network above an attachment point which is stated in the policy; and 3. Covers losses of the provider of […]
“Policy of stop-loss insurance” means a policy or contract of insurance, which provides coverage for the losses of an insured above an attachment point which is stated in the policy or contract, including, without limitation, a policy of insurance which includes stop-loss coverage or excess loss coverage. (Added to NRS by 2021, 2970)
“Provider of health care” has the meaning ascribed to it in NRS 687B.660. (Added to NRS by 2021, 2970)
An insurer authorized in this State to issue policies or contracts of property and casualty insurance, accident and health insurance or health insurance shall report to the Commissioner any premiums written in this State by the insurer for policies of stop-loss insurance. The insurer shall report the premiums: 1. With the annual statement filed by […]
1. An insurer intending to issue a policy of stop-loss insurance in this State to cover losses of a group health plan shall, before issuing the policy, exercise reasonable diligence to confirm that: (a) The underlying group health plan is legitimate; and (b) The entity offering the underlying group health plan is properly authorized to […]
A policy form for a policy of stop-loss insurance which is intended for issue in this State to cover losses of a group health plan must be filed with and approved by the Commissioner pursuant to NRS 687B.120 before being delivered or issued for delivery. In addition to any other applicable requirements, the policy form […]
1. A policy form for a policy of provider stop-loss insurance which is intended for issue in this State must be filed with and approved by the Commissioner pursuant to NRS 687B.120 before being delivered or issued for delivery. In addition to any other applicable requirements, the policy form must satisfy the following requirements: (a) […]
