Nevada § 687B.880 Exercise of reasonable diligence related to legitimacy and authority required before issuing policy of stop-loss insurance for group health plan

Nevada Statutes

§ 687B.880 — Exercise of reasonable diligence related to legitimacy and authority required before issuing policy of stop-loss insurance for group health plan

Nevada § 687B.880

Title 57INSURANCE

Ch. 687BContracts

STOP-LOSS INSURANCE

This text of Nevada § 687B.880 (Exercise of reasonable diligence related to legitimacy and authority required before issuing policy of stop-loss insurance for group health plan) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 687B.880 (2026).

Text

1. An insurer intending to issue a policy of stop-loss insurance in this State to cover losses of a group health plan shall, before issuing the policy, exercise reasonable diligence to confirm that:

(a)The underlying group health plan is legitimate; and

(b)The entity offering the underlying group health plan is properly authorized to offer the group health plan. 2. If the underlying group health plan is a self-funded multiple employer welfare arrangement, the reasonable diligence required by subsection 1 includes, without limitation, ensuring that the self-funded multiple employer welfare arrangement is authorized to do business in this State pursuant to chapter 680A of NRS as a self-funded multiple employer welfare arrangement.

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1. An insurer intending to issue a policy of stop-loss insurance in this State to cover losses of a group health plan shall, before issuing the policy, exercise reasonable diligence to confirm that:
(a) The underlying group health plan is legitimate; and
(b) The entity offering the underlying group health plan is properly authorized to offer the group health plan.
2. If the underlying group health plan is a self-funded multiple employer welfare arrangement, the reasonable diligence required by subsection 1 includes, without limitation, ensuring that the self-funded multiple employer welfare arrangement is authorized to do business in this State pursuant to chapter 680A of NRS as a self-funded multiple employer welfare arrangement.