NAC687B.034. “Similar long-term care insurance contract forms” defined.

     1. “Similar long-term care insurance contract forms” means all long-term care insurance contracts and certificates issued by an insurer within the same classification of long-term care benefits as the long-term care insurance contract form being considered.

     2. A long-term care insurance contract or certificate delivered to any group described in subsection 1 of NAC 687B.025 shall be deemed not similar to other long-term care insurance contracts and certificates, except that such a contract or certificate shall be deemed similar to other comparable long-term care insurance contracts and certificates with the same long-term care benefit classification.

     3. For the purpose of determining whether long-term care insurance contract forms are similar, the long-term care benefits provided by long-term care insurance contracts and certificates must be classified as:

     (a) Institutional long-term care benefits only;

     (b) Noninstitutional long-term care benefits only; or

     (c) Comprehensive long-term care benefits.

     (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)