Incorporation of long-term care insurance into annuity or policy of life insurance.

1. An annuity or policy of life insurance may incorporate long-term care insurance if: (a) The long-term care insurance incorporated into the annuity or policy of life insurance complies with regulations adopted by the Commissioner. (b) The Commissioner approves the incorporation of long-term care insurance into the annuity or policy of life insurance. 2. The Commissioner shall adopt regulations that define “long-term care insurance” for the purposes of this section. (Added to NRS by 2011, 3372)