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Bulletin 14-008 - Approved Exceptions for Nevada Domestic RRGs from certain Laws, Regulations, and Requirements applicable to Liability Insurers

August 5, 2014

Nevada Revised Statute ("NRS") 695E.140( 1 )(a) vests the Commissioner of Insurance ("Commissioner") with the authority to grant exceptions of the application of laws, regulations, and requirements for liability insurers to RRGs chartered in this State. Pursuant to this authority, see  the attached table showing the approved exceptions.

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Bulletin 14-007 - Required Format for Business Plans and Pro Forma Financial Statements for Risk Retention Groups

August 5, 2014

Nevada Revised Statute ("NRS") 694C.240 requires a captive insurer, including Nevada domestic RRGs, to file a business plan upon application and upon renewal.

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Bulletin 14-006 - Consolidated Insurance Programs

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.

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Bulletin 14-005 - Network Adequacy Standards for Certain Health Benefit Plans - 2015 Transitional Year

Nevada Revised Statute ("NRS") 687B.490 vests in the Commissioner of Insurance ("Commissioner") the authority to determine the adequacy of provider networks to be used by network plans made available for sale in this State.

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Bulletin 14-004-W - Notice of Withdrawal of Bulletin 11-010

Effective January 1, 2014, the following Bulletin is hereby withdrawn: Bulletin 11-010. Read More

Bulletin 14-003 - Health Benefit Plans that Are Not Compliant with the Affordable Care Act May Not Be Issued or Renewed After 2013

(Clarification of Bulletin 14-001) On March 25, 2014, the Division of Insurance (“Division”) issued Bulletin 14-001 in response to transitional policies proposed by the Centers for Medicare & Medicaid Services (“CMS”), which allowed health insurance plans that were not compliant with the Affordable Care Act (“ACA”) to be renewed through October 2016.

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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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