2011 Nevada Revised Statutes
Chapter 688A - Life Insurance and Annuity Contracts
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)
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