NAC: CHAPTER 695H - MEDICAL DISCOUNT PLANS

[Rev. 11/22/2013 10:32:48 AM--2013]

[NAC-695H Revised Date: 8-06]

CHAPTER 695H - MEDICAL DISCOUNT PLANS

GENERAL PROVISIONS

695H.010         Definitions.

695H.020         “Administrator” defined.

695H.030         “Affiliate of an insurer” defined.

695H.040         “Division” defined.

695H.050         “Insurer” defined.

695H.060         “Medical discount plan” defined.

APPLICATION FOR REGISTRATION

695H.100         Fee and documentation required.

695H.110         Administrator, insurer or affiliate of insurer: Satisfaction of requirements for organizational documents and financial statements.

695H.120         Administrator, insurer or affiliate of insurer: Satisfaction of requirements for certain biographical information.

 

GENERAL PROVISIONS

      NAC 695H.010  Definitions. (NRS 679B.130, 695H.160)  As used in this chapter, unless the context otherwise requires, the words and terms defined in NAC 695H.020 to 695H.060, inclusive, have the meanings ascribed to them in those sections.

     (Added to NAC by Comm’r of Insurance by R133-05, eff. 10-31-2005)

      NAC 695H.020  “Administrator” defined. (NRS 679B.130, 695H.160)  “Administrator” has the meaning ascribed to it in NRS 695H.020.

     (Added to NAC by Comm’r of Insurance by R133-05, eff. 10-31-2005)

      NAC 695H.030  “Affiliate of an insurer” defined. (NRS 679B.130, 695H.160)  “Affiliate of an insurer” has the meaning ascribed to it in NRS 695H.030.

     (Added to NAC by Comm’r of Insurance by R133-05, eff. 10-31-2005)

      NAC 695H.040  “Division” defined. (NRS 679B.130, 695H.160)  “Division” means the Division of Insurance of the Department of Business and Industry.

     (Added to NAC by Comm’r of Insurance by R133-05, eff. 10-31-2005)

      NAC 695H.050  “Insurer” defined. (NRS 679B.130, 695H.160)  “Insurer” has the meaning ascribed to it in NRS 695H.040.

     (Added to NAC by Comm’r of Insurance by R133-05, eff. 10-31-2005)

      NAC 695H.060  “Medical discount plan” defined. (NRS 679B.130, 695H.160)  “Medical discount plan” has the meaning ascribed to it in NRS 695H.050.

     (Added to NAC by Comm’r of Insurance by R133-05, eff. 10-31-2005)

APPLICATION FOR REGISTRATION

      NAC 695H.100  Fee and documentation required. (NRS 679B.130, 695H.090, 695H.160)  Except as otherwise provided in NAC 695H.110 and 695H.120, an application for registration to engage in business as a medical discount plan must be accompanied by any fee and documentation required pursuant to subsection 1 of NRS 695H.090.

     (Added to NAC by Comm’r of Insurance by R133-05, eff. 10-31-2005)

      NAC 695H.110  Administrator, insurer or affiliate of insurer: Satisfaction of requirements for organizational documents and financial statements. (NRS 679B.130, 695H.090, 695H.160)  An administrator, insurer or affiliate of an insurer shall be deemed to have satisfied the requirements of paragraph (b) or (f ) of subsection 1 of NRS 695H.090 if the administrator, insurer or affiliate of an insurer:

     1.  Has a current license or certificate of authority issued by the Division; and

     2.  Has previously submitted, pursuant to any other provision of title 57 of NRS or any regulation adopted pursuant thereto, information that is substantially similar to the information required pursuant to paragraph (b) or (f ) of subsection 1 of NRS 695H.090 and the previously submitted information:

     (a) Is current and accurate;

     (b) Involved the same person as is involved in the application for registration to engage in business as a medical discount plan; and

     (c) Satisfies, at a minimum, the requirements set forth in paragraph (b) or (f ) of subsection 1 of NRS 695H.090.

     (Added to NAC by Comm’r of Insurance by R133-05, eff. 10-31-2005)

      NAC 695H.120  Administrator, insurer or affiliate of insurer: Satisfaction of requirements for certain biographical information. (NRS 679B.130, 695H.090, 695H.160)  An administrator, insurer or affiliate of an insurer shall be deemed to have satisfied the requirements of paragraph (c) of subsection 1 of NRS 695H.090 if the administrator, insurer or affiliate of an insurer:

     1.  Has a current license or certificate of authority issued by the Division; and

     2.  Has previously submitted, pursuant to any other provision of title 57 of NRS or any regulation adopted pursuant thereto, biographical information that is substantially similar to the biographical information required pursuant to paragraph (c) of subsection 1 of NRS 695H.090 and the previously submitted biographical information:

     (a) Is current and accurate;

     (b) Involved the same person as is involved in the application for registration to engage in business as a medical discount plan; and

     (c) Satisfies, at a minimum, the requirements set forth in paragraph (c) of subsection 1 of NRS 695H.090.

     (Added to NAC by Comm’r of Insurance by R133-05, eff. 10-31-2005)