NAC686A.4615. “Contract premium” defined.

Latest version.

“Contract premium” means the premium that is required to be paid pursuant to a policy of life insurance that requires the payment of fixed premiums, including, without limitation, a premium for a rider for which benefits are set forth in the illustration for the policy.

(Added to NAC by Comm’r of Insurance by R089-97, eff. 1-14-98)

                    
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