1. Except as otherwise provided in this section, no policy of group health insurance
may be delivered or issued for delivery in this state to a group which was formed
for the purpose of purchasing one or more policies of group health insurance.
2. A policy of group health insurance may be delivered to a group described in subsection
1 if the Commissioner approves the issuance. The Commissioner shall not grant approval unless the Commissioner finds that:
(a) The benefits of the policy are reasonable in relation to the premiums charged;
(b) The group to which the policy is issued is organized and operated in a fiscally
sound manner; and
(c) All policy rates and forms are filed with and approved by the Division before
marketing to a resident or employer in this State.
3. The Commissioner shall use the provisions of this chapter and chapter 689C of NRS to review insurance products marketed to employers in this State. The Commissioner shall use the provisions of chapter 689A of NRS to review insurance products marketed to natural persons in this State.
4. The provisions of this section apply to the offering in this state of a policy
issued in another state.
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 or via Westlaw before relying on it for your legal needs.
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