NAC687B.358. Authorization to offer and approval to issue.  


Latest version.
  •      1. The Commissioner may authorize an issuer to offer a Medicare select policy or certificate, pursuant to NAC 687B.340 to 687B.376, inclusive, and section 4358 of the Omnibus Budget Reconciliation Act of 1990, 42 U.S.C. § 1395ss(t), if the Commissioner:

         (a) Determines that the issuer has satisfied all of the requirements of NAC 687B.200 to 687B.376; and

         (b) Approves the issuer’s plan of operation.

         2. An issuer may not issue a Medicare select policy or certificate in this State until the Commissioner has approved its plan of operation.

     (Added to NAC by Comm’r of Insurance, eff. 5-13-96)