NAC353B.300. Conditions for change in contractual plan.

Latest version.

The Board will amend a contract to change the contractual plan if:

     1. The purchaser requests the change, submits the required fee and pays any additional sum the Board determines to be necessary, as a result of the change, to ensure the actuarial soundness of the Trust Fund;

     2. No benefits have been paid pursuant to the contract;

     3. The purchaser is not in default pursuant to NAC 353B.370; and

     4. The contract has not been terminated.

(Added to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99)

                    
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