NAC687B.0335. “Qualified state long-term care insurance partnership contract” or “partnership contract” defined.

“Qualified state long-term care insurance partnership contract” or “partnership contract” means a qualified long-term care insurance contract that:

     1. Provides coverage for insureds who are residents of Nevada on the date that coverage under the contract first becomes effective;

     2. Is issued on or after January 1, 2007;

     3. Satisfies all the requirements of 42 U.S.C. § 1396p(b)(1)(C)(iii)(I) to 1396p(b)(1)(C)(iii)(IV), inclusive;

     4. Is filed with and approved by the Commissioner as a partnership contract;

     5. Is issued by an insurer who complies with the provisions of 42 U.S.C. § 1396p(b)(1)(C)(iii)(VI); and

     6. Is sold by a producer who has received training in and has demonstrated an understanding of partnership contracts and how partnership contracts relate to public and private coverage for long-term care.

     (Added to NAC by Comm’r of Insurance by R121-07, 9-18-2008, eff. 10-1-2008)