Nev. Admin. Code § 686A.467

Current through December 12, 2024

Section 686A.467 - "Nonterm group policy of life insurance" defined

"Nonterm group policy of life insurance" means a group policy or an individual policy of life insurance issued to the members of a group of employees or another authorized group of persons if:

1. Every plan of coverage was selected by the employer or group representative;

2. A portion of the premium is paid by the group or through payroll deduction; and

3. Group underwriting or simplified underwriting is used.

Nev. Admin. Code § 686A.467

Added to NAC by Comm'r of Insurance by R089-97, eff. 1-14-98

NRS 679B.130, 686A.015