NAC687B.055. Contracts issued in other states.

     1. No group long-term care insurance may be offered to a resident of this State under a group long-term care insurance contract issued in another state to a group described in subsection 4 of NAC 687B.025, unless this State or another state having statutory and regulatory requirements for long-term care insurance substantially similar to those adopted in this State, has made a determination that those requirements have been met.

     2. Before an insurer or similar organization offers group long-term care insurance to a resident of this State pursuant to this section, it shall file with the Commissioner evidence that the group long-term care insurance contract or certificate issued pursuant thereto has been approved by a state having statutory and regulatory requirements for long-term care insurance substantially similar to those adopted in this State.

     (Added to NAC by Comm’r of Insurance, eff. 11-21-88; A by R028-10, 12-16-2010, eff. 10-1-2011)