NAC687B.258. Replacement of existing coverage: Limitations on time periods for preexisting conditions, waiting periods, elimination periods and probationary periods.

     1. If a policy to supplement Medicare or a certificate replaces another policy to supplement Medicare or certificate, the replacing issuer shall waive any time periods for preexisting conditions, waiting periods, elimination periods and probationary periods in the new policy or certificate for similar benefits to the extent that such time was spent under the original policy.

     2. If a policy to supplement Medicare or a certificate replaces another policy to supplement Medicare or certificate which has been in effect for at least 6 months, the replacing policy or certificate must not provide any time period for preexisting conditions, waiting periods, elimination periods or probationary periods for benefits similar to those contained in the original policy or certificate.

     (Added to NAC by Comm’r of Insurance, eff. 11-16-90; A 7-16-92, eff. 7-30-92)