Benefits payable under converted policy may be reduced by amount payable under group policy.
1. A converted policy must not exclude a preexisting condition not excluded by the group policy, but a converted policy may provide that any hospital, surgical or medical benefits payable under it may be reduced by the amount of any benefits payable under the group policy after its termination. A converted policy may provide that during the first policy year the benefits payable under it, together with the benefits payable under the group policy, must not exceed those that would have been payable if the policyholder’s insurance under the group policy had remained in effect.
2. Any exclusion for a preexisting condition provided by a converted policy must comply with NRS 689B.500.
Last modified: February 27, 2006