NAC687B.108. Prohibited increases in premiums.

     1. The premium charged to an insured for long-term care insurance must not increase because of:

     (a) The increasing age of the insured beyond 65 years of age; or

     (b) The duration the insured has been covered under the policy.

     2. The purchase of additional coverage must not be considered a premium rate increase, but, for calculation purposes, the portion of the premium attributable to the additional coverage must be added to and considered part of the initial annual premium.

     3. A reduction in benefits must not be considered a premium change but, for calculation purposes, the initial annual premium must be based on the reduced benefits.

     (Added to NAC by Comm’r of Insurance, eff. 12-15-94; A by R028-10, 12-16-2010, eff. 10-1-2011)