NAC686A.420. Definitions.

As used in NAC 686A.410 to 686A.455, inclusive, unless the context otherwise requires, the following words and terms have the meanings ascribed to them:

     1. “Agent” has the meaning ascribed to it in NRS 683A.321.

     2. “Buyer’s guide” means a document which contains, and is limited to, the language contained in the appendix* to this regulation or language approved by the Commissioner.

     3. “Cash dividend” means the current illustrated dividend which can be applied toward payment of the gross premium.

     4. “Generic name” means a short title which is descriptive of the premium and benefit pattern of a policy or a rider.

     5. This “regulation” means NAC 686A.410 to 686A.455, inclusive.

     *The appendix is not codified but is available in the Office of the Secretary of State or the Division.

     [Comm’r of Insurance, LH-6 § IV, eff. 11-22-78]—(NAC A 5-27-92; A by Div. of Insurance by R089-98, 9-25-98; A by Comm’r of Insurance by R054-12, 11-1-2012)