Section 686B.Sec. 1 - NEWChapter 686B of NAC is hereby amended by adding thereto a new section to read as follows:
1. An actuarial review conducted pursuant to NRS 686B.112 of rates filed for a health or dental plan issued pursuant to the provisions of chapter 689A, 689B, 689C, 695B, 695C, 695D or 695F of NRS that is offered for sale on the individual market or small group market must meet the requirements prescribed by 45 C.F.R. § 154.301 for an Effective Rate Review Program.2. The Commissioner: (a) Will not conduct an actuarial review pursuant to NRS 686B.112 of rates filed for a health or dental plan issued pursuant to the provisions of chapter 689A, 689B, 689C, 695B, 695C, 695D or 695F of NRS that is not offered for sale on the individual market or small group market; and(b) Will review the rates filed for such a health or dental plan to determine compliance with the requirements of NRS 686B.050.3. As used in this section, the terms "individual market" and "small group market" have the meanings ascribed to them in 45 C.F.R. § 154.102.Nev. Admin. Code § 686B.Sec. 1
Added to NAC by Comm'r of Insurance by R127-20A, eff. 12/29/2020NRS 679B.130, 686B.040 and 686B.112