Nevada Insurance Sec. § 687B.480 Availability; waiting period; effective date. 1.All health benefit plans must be made available in the manner required by 45 C.F.R. 147.104. 2.In addition to the requirements of subsection 1, any health benefit plan for individuals that is not purchased on the Silver State Health Insurance Exchange established by NRS 695I.210: (a)Must be made available for purchase at any time during the calendar year; (b)Is subject to a waiting period of not more than 90 days after the date on which the application for coverage was received; (c)Is effective upon the first day of the month immediately succeeding the month in which the waiting period expires; and (d)Is not retroactive to the date on which the application for coverage was received.