NRS695B.172. Summary of coverage: Contents of disclosure; approval by Commissioner.

      1.  The Commissioner shall adopt regulations which require an insurer to file with the Commissioner, for approval by the Commissioner, a disclosure summarizing the coverage provided by each contract for hospital or medical service offered by the insurer. The disclosure must include:

      (a) Any significant exception, reduction or limitation that applies to the contract; and

      (b) Any other information,

Ê that the Commissioner finds necessary to provide for full and fair disclosure of the provisions of the contract.

      2.  The disclosure must be written in language which is easily understood and must include a statement that the disclosure is a summary of the contract only, and that the contract itself should be read to determine the governing contractual provisions.

      3.  The Commissioner shall not approve any proposed disclosure submitted to the Commissioner pursuant to this section which does not comply with the requirements of this section and the applicable regulations.

      (Added to NRS by 1989, 1251)