NAC687B.0303. “Long-term care insurance contract” defined.  


Latest version.
  •      1. “Long-term care insurance contract” means:

         (a) An insurance policy or contract, or any portion thereof; or

         (b) A rider or endorsement to a policy of life insurance, a policy of disability income insurance or an annuity contract, or any portion thereof,

    Ê which is delivered or issued for delivery in this State, by an insurer or similar organization, and which provides direct or supplemental coverage for long-term care insurance.

         2. The term includes:

         (a) A qualified long-term care insurance contract.

         (b) A qualified state long-term care insurance partnership contract.

         3. As used in this section, “insurance policy or contract” has the meaning ascribed to it in NAC 686A.627 and includes a subscriber agreement.

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