NAC687B.019. “Converted policy” defined.  


Latest version.
  • “Converted policy” means an individual long-term care insurance contract providing benefits identical to, or benefits determined by the Commissioner to be substantially equivalent to, or in excess of, those provided under the group long-term care insurance contract from which conversion is made.

     (Added to NAC by Comm’r of Insurance, eff. 12-15-94; A by R028-10, 12-16-2010, eff. 10-1-2011)