NAC688A.110. Purpose and scope of provisions.

Latest version.

     1. NAC 688A.110 to 688A.180, inclusive, require insurers to deliver to prospects for annuity contracts, or for deposit funds accepted in conjunction with life insurance policies or annuity contracts, information which:

     (a) Helps the prospect select an annuity, a deposit fund, or both, appropriate to the prospect’s needs;

     (b) Improves the prospect’s understanding of the basic features of the plan under consideration; and

     (c) Improves the prospect’s ability to evaluate the relative benefits of similar plans.

     2. NAC 688A.110 to 688A.180, inclusive, do not prohibit the use of additional material which is not in violation of this regulation or of law.

[Comm’r of Insurance, LH-7 § 2, eff. 2-6-80]

                    
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