Premiums for certain health benefit plans that are reinsured with program required to meet established requirements for premium rates.
1. If a health benefit plan for a small employer, an eligible employee or an eligible person is entirely or partially reinsured with the Program of Reinsurance, the premiums charged to the small employer, eligible employee or eligible person for any rating period during which such coverage is entirely or partially reinsured must meet the requirements for premium rates set forth in NRS 689A.680 to 689A.700, inclusive, or as established in accordance with NRS 689C.230, as appropriate.
2. As used in this section, “rating period” means the calendar period for which premium rates established by a carrier subject to this section and NRS 689C.810 are assumed to be in effect.
Last modified: February 27, 2006