Nevada Revised Statutes 687B.872 – ‘Policy of provider stop-loss insurance’ defined
Current as of: 2023 | Check for updates
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‘Policy of provider stop-loss insurance’ means a policy of stop-loss insurance which:
Terms Used In Nevada Revised Statutes 687B.872
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Contract: A legal written agreement that becomes binding when signed.
1. Is issued to a provider of health care or a network;
2. Provides coverage for losses of the provider of health care or network above an attachment point which is stated in the policy; and
3. Covers losses of the provider of health care or network which result from the financial risk assumed by the provider of health care or network in a managed care contract with another insurer, including, without limitation, an accident and health insurer, health insurer, health maintenance organization or self-funded group health plan, with whom the provider of health care or network has entered into a contract to provide health care services.