Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter353B College Savings Plans of Nevada |
NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM |
Termination of Contracts; Refunds |
NAC353B.430. Death or disability of qualified beneficiary.
Latest version.
- Upon the receipt of a written request signed by a purchaser and such documentation as the Board deems adequate to prove that the qualified beneficiary has died or become totally disabled, the Board will:
1. Terminate the contract and provide to the purchaser a refund according to the terms of the master agreement; or
2. Amend the contract to change the designation of the qualified beneficiary, subject to the provisions of NAC 353B.310.
(Added to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99; A by Bd. of Trustees of College Savings Plans of Nev. by R150-03, 8-25-2004; R055-09, 10-27-2009)