689A.655 - Requirement to file basic and standard health benefit plans with Commissioner; disapproval of plan.
689A.655 Requirement to file basic and standard health benefit plans with Commissioner; disapproval of plan.
1. Each individual carrier shall file with the Commissioner within 90 days after the date on which a basic health benefit plan and a standard health benefit plan are approved pursuant to NRS 689C.770, or for a new individual carrier within 90 days after the date it enters the individual market in this State, in a format and manner prescribed by the Commissioner, the basic health benefit plans and the standard health benefit plans to be offered by the individual carrier. A health benefit plan filed pursuant to this section may not be offered by an individual carrier until the earlier of:
(a) The date of approval by the Commissioner; or
(b) Thirty days after the date on which the plans are filed, unless the Commissioner disapproves the use of the plans before the 30-day period expires.
2. The Commissioner may, at any time, after providing notice and an opportunity for a hearing, disapprove the continued use of a basic or standard health benefit plan by the individual carrier on the ground that the plan does not meet the requirements of NRS 689A.470 to 689A.740, inclusive, and 689C.610 to 689C.980, inclusive.
(Added to NRS by 1997, 2892)