{"data":{"id":"us-nv/nrs-687b.880","jurisdiction":"us-nv","citation":"NRS 687B.880","heading":"Exercise of reasonable diligence related to legitimacy and authority required before issuing policy of stop-loss insurance for group health plan.","body":"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:\n(a) The underlying group health plan is legitimate; and\n(b) The entity offering the underlying group health plan is properly authorized to offer the group health plan.\n2. 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.","path":["TITLE 57 — INSURANCE","CHAPTER 687B - CONTRACTS OF INSURANCE","STOP-LOSS INSURANCE"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-687B.html#NRS687BSec880","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:46Z","sha256":"fc8523cc4aed0a39c7dfc6c1abb3ba81590370387cbce46858252f922e3fc26f","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-687b.878","next":"us-nv/nrs-687b.882"},"notice":"GroundRules: Original legal text. Not legal advice."}