Nevada Administrative Code (Last Updated: January 6, 2015)

NAC687B.0332. “Qualified long-term care insurance contract” or “federally tax-qualified long-term care insurance contract” defined.

Latest version.

“Qualified long-term care insurance contract” or “federally tax-qualified long-term care insurance contract” means:

     1. Any individual insurance contract or group insurance contract that meets the requirements of 26 U.S.C. § 7702B(b);

     2. The portion of any life insurance contract which provides long-term care insurance coverage by rider, endorsement or as part of the contract and which satisfies the requirements of 26 U.S.C. §§ 7702B(b) and 7702B(e); or

     3. The portion of any annuity contract which provides long-term care insurance coverage by rider, endorsement or as part of the contract and which satisfies the requirements of 26 U.S.C. § 7702B(b) and section 844 of the Pension Protection Act of 2006, Public Law 109-280.

(Added to NAC by Comm’r of Insurance by R121-07, 9-18-2008, eff. 10-1-2008; A by R028-10, 12-16-2010, eff. 10-1-2011)

                    
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