Nev. Admin. Code § 689B.230 - Limitation on frequency of increases; exceptions

1. Except as otherwise provided in this section, an insurer that issues group health insurance in this State shall not increase the premium rates for the insurance more frequently than every 6 months unless the increase in the premium rates is being made because:

(a) An employer has requested a change in its health benefit plan;

(b) There has been a change in the number of employees covered by an employer that would affect the insurance premium rate of the employer; or

(c) There has been a change in federal or state law which affects the cost of providing services under the health benefit plan.

2. If an insurer issues group health insurance to a class of employers that consists solely of bona fide associations and uses a common date of renewal for that class, an increase in the premium rates for that class does not violate the provisions of subsection 1 solely because at least one but not all the members of that class will have an increase in premium rates more frequently than every 6 months.

Notes

Nev. Admin. Code § 689B.230

Added to NAC by Comm'r of Insurance by R009-02, eff. 5-23-2002; A by R009-02, 7-11-2002

NRS 679B.130