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2021 Nevada Revised Statutes
Chapter 688A - Life Insurance and Annuity Contracts
NRS 688A.366 - Calculation of benefits available at time other than contract anniversary.
Universal Citation:
NV Rev Stat § 688A.366 (2021)
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Any paid-up annuity, cash surrender or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, shall be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.
(Added to NRS by 1977, 690)
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