Nev. Rev. Stat. § 688B.190

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 688B.190 - Proceeds of benefits required to be paid within 30 days after death of insured; interest

An insurer shall pay the proceeds of any benefits under a group life insurance policy not more than 30 days after the death of the insured. If the proceeds are not paid within this period, the insurer shall pay interest on the proceeds, at a rate that is not less than the current rate of interest on death proceeds on deposit with the insurer, from the date of death of the insured to the date when the proceeds are paid.

NRS 688B.190

Added to NRS by 1997, 3033
Added to NRS by 1997, 3033