Nev. Admin. Code § 690A.040 - Credit unemployment insurance: Benefits; eligibility for coverage

1. Credit unemployment insurance policies must contain benefits at least as favorable to insureds as the following provisions:
(a) A provision for coverage for unemployment for any reason, except that coverage may be excluded for:
(1) Voluntary forfeiture of salary, wage or other employment income;
(2) Resignation;
(3) Retirement;
(4) General strike;
(5) Illegal walk out;
(6) War;
(7) Separation from the military;
(8) Willful misconduct or criminal misconduct or unlawful behavior; and
(9) Disability caused by injury, illness or pregnancy.
(b) For credit unemployment insurance which provides for a monthly benefit in the event of unemployment, a provision that benefits will be payable after a waiting period of not longer than 30 days, but need not be retroactive to the first day of unemployment, and that the maximum benefit period is 6 months or longer.
2. Credit unemployment insurance policies may not contain eligibility requirements more restrictive than the following provisions:
(a) Exclusion of the following persons from qualification for coverage:
(1) Self-employed individuals;
(2) Workers in seasonal or temporary jobs, defined as jobs designed to last not longer than 6 months; and
(3) Debtors who have been notified either orally or in writing of any layoff or employment termination immediately or within 60 days after such notification. This exclusion must be disclosed to all prospective insureds.
(b) A requirement that the debtor be employed full-time on the effective date of coverage and for at least 12 consecutive months before the effective date of coverage.


Nev. Admin. Code § 690A.040
Added to NAC by Comm'r of Insurance by R131-05, eff. 10-31-2005

NRS 679B.130, 690A.277

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