Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 687B.300 - Retention of proceeds of policy by insurer1. Any life insurer shall have power to hold payment of proceeds, as has been agreed to in writing by the insurer and the insured or beneficiary. The insurer shall not be required to segregate funds so held but may hold them as a part of its general corporate assets.2. The provisions of this section shall not impair or affect any rights of creditors under NRS 687B.260 or 687B.290.Added to NRS by 1971, 1724Added to NRS by 1971, 1724