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Current as of January 01, 2025 | Updated by Findlaw Staff
“Bona fide association” means, with respect to health insurance coverage offered in this state, an association that:
1. Has been actively in existence for at least 5 years;
2. Has been formed and maintained in good faith for purposes other than obtaining insurance;
3. Does not condition membership in the association on any health status-related factor relating to an individual, including an employee of an employer or a dependent of an employee;
4. Makes health insurance coverage offered through the association available to all of its members regardless of any health status-related factors of the members or other individuals who are eligible for such health insurance coverage through a member of the association;
5. Does not make health insurance coverage offered through the association available other than in connection with a member of the association; and
6. Meets such additional requirements as may be imposed by specific statute.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 689A.485. “Bona fide association” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-689a-485/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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