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Bulletin 14-002 - Index Rate Adjustments

Federal regulations adopted October 30, 2013 permit a health insurance issuer in the small group market to make market-wide and plan-level adjustments to index rates no more frequently than quarterly.

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Bulletin No. 14-001 - Centers for Medicare & Medicaid Services (CMS) Bulletin of March 5, 2014

On November 14, 2013 the Centers for Medicare & Medicaid Services (CMS), issued a letter to state insurance commissioners outlining a transitional policy permitting health benefit plans that are not compliant with the requirements of the Affordable Care Act (ACA) to be renewed between January 1, 2014 and October 1, 2014.

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Bulletin 13-012 - “Excepted Benefits” for Hospital Indemnity & Other Fixed Indemnity Insurance Plans

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.

 

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Bulletin 13-011 - Disclosures by Supplemental or Limited Health Insurance Plans

(Applies to the following group and individual insurance lines: Specified Disease, Intensive Care-Limited Benefit, Organ & Tissue Transplant-Limited Benefit, Hospital Indemnity, Health-Hospital/Surgical/Medical Expense)

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

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Bulletin 13-010 Health Insurance Options for Consumers

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:

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Bulletin No. 13-008R - Revised: New Requirements for Arbitration Clauses

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.

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Bulletin 13-009 - Clarification Regarding Roles and Activities of Producers of Insurance and Exchange Enrollment Facilitators

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.

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Bulletin 13-008 - New Requirements for Arbitration Clauses

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.

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Bulletin 13-007 - Use of First Handheld Device Violation In Auto Insurance Underwriting And Rating

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”).

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Bulletin 13-006 - Bail Agents May Not Collect or Charge Consumers to “Renew” Bail Bonds

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.

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