NAC687B.013. “Basis for conversion of coverage” defined.

“Basis for conversion of coverage” means a provision that a person:

     1. Whose coverage under the group long-term care insurance contract would otherwise terminate, or whose coverage has been terminated for any reason, including discontinuance of the group long-term care insurance contract in its entirety or with respect to an insured class; and

     2. Who has been continuously insured under the group long-term care insurance contract and any group long-term care insurance contract which it replaced for at least the 6 months immediately preceding the date of termination,

Ê is entitled to the issuance of a converted policy by the insurer under whose group long-term care insurance contract he or she is covered, without evidence of insurability.

     (Added to NAC by Comm’r of Insurance, eff. 12-15-94; A by R028-10, 12-16-2010, eff. 10-1-2011)—(Substituted in revision for NAC 687B.032)