NAC687B.0655. Requirements for long-term care insurance sold in conjunction with another insurance product.

Long-term care insurance sold in conjunction with another insurance product, including, but not limited to, life insurance or an annuity must:

     1. Be issued as a separate rider that complies with the provisions of NAC 687B.005 to 687B.140, inclusive; or

     2. Be incorporated directly into the policy or contract of another insurance product, including, but not limited to, a policy of life insurance or an annuity contract, and comply with the provisions of NAC 687B.005 to 687B.140, inclusive, as well as the provisions of any other statute or regulation that apply to the other insurance product. For a policy or contract sold pursuant to this subsection, except for those provisions relating to premium rates and premium rate increases which shall apply separately to each insurance product, if there is a conflict between a provision required for the long-term care insurance and a provision required for the other insurance product, the provision which is more generous to the consumer shall apply to all aspects of the policy or contract.

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