Nev. Admin. Code § 686A.4715

Current through December 12, 2024
Section 686A.4715 - Required provisions of life insurance illustration

An illustration must be clearly labeled as a "life insurance illustration" and set forth the:

1. Name of the insurer;
2. Name and business address of the insurer's agent, broker or other authorized representative;
3. Name, age and gender of the proposed insured, unless a composite illustration is permitted pursuant to NAC 686A.460 to 686A.479, inclusive;
4. Underwriting or rating classification upon which the illustration is based;
5. Generic name and form number of the policy;
6. The product name of the company if it is different from the generic name;
7. Amount of the initial death benefit; and
8. Election of a dividend option or the application of nonguaranteed elements.

Nev. Admin. Code § 686A.4715

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

NRS 679B.130, 686A.015