The Nevada Division of Insurance has adopted Regulation R134-24 (LCB File No. R134-24), amending Chapter 686B of the Nevada Administrative Code, to interpret and prescribe reporting requirements under NRS 686B.125 for coverage for dental care.
The Nevada Commissioner of Insurance prescribes that a report submitted under NRS 686B.125 must be filed on or before May 1 each year on a form prescribed by the Nevada Commissioner of Insurance, and must include all losses incurred in connection with stand-alone dental insurance during the previous calendar year and paid through March 31 of the year in which the report is filed, as well as all premiums earned in connection with stand-alone dental insurance during the previous calendar year. The report must also separately list losses and premiums for the individual, small employer, and large employer markets, using definitions provided in the regulation (including “loss” as a direct claim incurred and “premium” as a direct premium earned, and “small employer” as defined in NRS 689C.095).
The regulation includes transitory language stating that, notwithstanding the new provisions, an insurer, organization, or person licensed under title 57 of NRS that provides coverage for dental care in Nevada is not required to submit a report under NRS 686B.125 until May 1, 2026; the report submitted on May 1, 2026 must include, to the extent applicable, the required information for calendar years 2023, 2024, and 2025, stated separately, as required by the Nevada Commissioner of Insurance.
Under the adopted regulation, “stand-alone dental insurance” is defined as a policy that only pays for or reimburses any part of the cost of dental care (as defined in NRS 695D.030) and is offered or issued separately from any policy of health insurance. For purposes of submitting the annual losses-and-premiums report required by NRS 686B.125, the Nevada Commissioner of Insurance interprets “insurer, organization or person licensed pursuant to this title who provides coverage for dental care in this State” to include only an insurer, organization, or person licensed under title 57 of NRS that provides stand-alone dental insurance in Nevada.
