On January 24, 2013, the U.S. Department of Labor, the U.S. Department of Health and Human Services, and the U.S. Department of the Treasury (collectively “federal departments”) issued guidance regarding hospital indemnity and other fixed indemnity insurance plans.
(Applies to the following group and individual insurance lines:
Specified Disease, Intensive Care-Limited Benefit, Organ & Tissue
Transplant-Limited Benefit, Hospital Indemnity,
This Bulletin addresses filing and disclosure
requirements for supplemental or limited health plans in order to minimize
consumer confusion about whether these supplemental or limited health plans
meet requirements of the ACA
The Nevada Division of Insurance (“Division”) issues this Bulletin as
a reminder of the importance of providing consumers with information about
their health insurance coverage options under the Patient Protection and
Affordable Care Act. To that end, health
insurance carriers are encouraged to also provide information to their
customers about options available to Nevada consumers in the marketplace and on
Nevada’s State-Based Exchange through Nevada Health Link at http://www.nevadahealthlink.com. To do this, carriers may consider including the
following, or similar, language in correspondence to their consumers:
On October 22, 2013, the Division of Insurance (“Division”) issued Bulletin 13-008 to notify insurers that, effective October 1, 2013, Nevada law mandates all contracts that require a party to submit to arbitration for disputes under the contract must include specific authorization from the person agreeing to the contract in order for the arbitration clause to be valid, enforceable, and irrevocable ... The Division has received additional inquiries about the specific authorization.
The Division has received inquiries regarding the roles and activities of producers of insurance (brokers and agents collectively, “producers”) and exchange enrollment facilitators (“EEFs”) in effectuating their respective roles when helping consumers obtain health insurance. With the significant changes to healthcare law the insurance industry is experiencing, it is essential that producers and EEFs understand the limits on their roles so that they are able to most effectively assist consumers. This Bulletin seeks to clarify some parameters.
Effective October 1, 2013, Assembly Bill 326 (2013) added a new section to Chapter 597, Miscellaneous Trade Regulations and Prohibited Acts, of the Nevada Revised Statutes. Under the new law, if an agreement includes a provision that requires a person to submit to arbitration, the agreement must include a specific authorization indicating that the person has affirmatively agreed to the provision.
Senate Bill 140 (2011), codified in Nevada Revised Statute (NRS) 484B.165, prohibits the Nevada Department of Motor Vehicles (“DMV”) from treating the first handheld device violation (cellular telephones) as a moving violation ... This bulletin clarifies the acceptable treatment of a first handheld device violation in private passenger auto underwriting and rating when submitting a rate to the Division of Insurance (“Division”).
The Division has learned that some bail agents may be charging consumers annual renewal premiums, fees, or rates for bail bonds that courts hold open for more than one year. As explained below, Nevada law prohibits bail agents from charging consumers to “renew” bail bonds.
June 30, 2013
The eligibility requirements for consolidated insurance programs for industrial insurance (workers’ compensation construction wrap-ups) are set forth in Nevada Revised Statute (NRS) 616B.710.
June 5, 2013
The purpose of this bulletin is to notify surplus-lines brokers, and insureds who independently procure nonadmitted insurance, of changes in Nevada’s regulations that were instituted to conform with federal and Nevada statutes.