Nev. Rev. Stat. ch. 688A – Life Insurance and Annuity Contracts | Midpage

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Nevada Revised Statutes

Chapter 688A

Nev. Rev. Stat. ch. 688A

Life Insurance and Annuity Contracts

688A.010Scope 688A.020“Annuity” defined 688A.030“Industrial life insurance” defined 688A.040Standard provisions required in certain policies 688A.050Payment of premiums 688A.060Grace period 688A.070Entire contract 688A.080Incontestability 688A.090Misstatement of age 688A.100Dividends 688A.110Loan secured by policy 688A.120Table of installments 688A.130Reinstatement 688A.140Payment of claims 688A.150Beneficiary: Industrial policies 688A.160Title 688A.165Surrender and request for cancellation of contract or policy 688A.170Excluded or restricted coverage 688A.180Standard provisions: Annuity and pure endowment contracts 688A.190Annuities: Grace period 688A.200Annuities: Incontestability 688A.210Annuities: Entire contract 688A.220Annuities: Misstatement of age or sex 688A.230Annuities: Dividends 688A.240Annuities: Reinstatement 688A.250Standard provisions: Reversionary annuities 688A.260Provisions limiting liability 688A.270Prohibited provisions 688A.280Provisions required by law of other jurisdiction 688A.281Qualified charitable-gift annuity: Definitions 688A.282Qualified charitable-gift annuity: Issuance does not constitute transacting insurance 688A.283Qualified charitable-gift annuity: Contents and form of required disclosure 688A.284Qualified charitable-gift annuity: Required notice to Commissioner; contents of notice; further information 688A.285Qualified charitable-gift annuity: Effect of noncompliance; penalties 688A.290Short title; applicability; required provisions 688A.300Cash surrender value: Basic calculations 688A.305Cash surrender value: Limitations on policies issued on or after January 1, 1987 688A.310Paid-up nonforfeiture benefit 688A.315Review of benefits and premiums for life insurance with future premium determination 688A.320Calculation of adjusted premiums for policies issued before operative date of NRS 688A.325 688A.325Calculation of adjusted premiums; operative date of section 688A.330Basis for calculating adjusted premiums on industrial insurance; applicability of section 688A.340Basis for calculating adjusted premiums and present values on ordinary policies issued after operative date of this section; election to come under this section; operative date of this section as to insurer failing to make election 688A.350Calculation of cash surrender value and paid-up nonforfeiture benefit 688A.360Insurance to which NRS 688A.290 to 688A.360, inclusive, not applicable 688A.361Nonforfeiture provisions required in annuity contracts 688A.363Minimum nonforfeiture amounts 688A.3631Value of paid-up annuity benefits when benefit payments to commence 688A.3633Value of cash surrender and death benefits before maturity 688A.3635Value of paid-up annuity benefits before maturity for contracts not providing cash surrender or death benefits 688A.3637Maturity date 688A.364Statement that policy does not provide cash surrender benefits or death benefits equal to nonforfeiture amount 688A.366Calculation of benefits available at time other than contract anniversary 688A.367Minimum nonforfeiture benefits for contracts providing both annuity and life insurance benefits 688A.369Insurance to which NRS 688A.361 to 688A.369, inclusive, not applicable 688A.370Reinstatement; benefits for disability or accidental death 688A.380Participating and nonparticipating policies: Accounting; allocations; dividends 688A.390Separate accounts 688A.400Prohibited policy plans 688A.410Payment of life insurance proceeds; interest 688A.430Delivery of group annuity to group formed to purchase annuity prohibited 688A.440Incorporation of long-term care insurance into annuity or policy of life insurance