2010 Nevada Code
TITLE 57 INSURANCE
Chapter 688A Life Insurance and Annuity Contracts
NRS 688A.3631 Value of paid-up annuity benefits when benefit payments to commence.
NRS 688A.3631 Value of paid-up annuity benefits when benefit payments to commence. Any paid-up annuity benefit available under a contract shall be such that its present value on the date when the annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Such present value shall be computed by using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.
(Added to NRS by 1977, 689)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
