NAC686A.4695. Applicability.

Latest version.

     1. Except as otherwise provided in subsection 2, the provisions of NAC 686A.460 to 686A.479, inclusive, apply to all group and individual policies and certificates of life insurance issued or delivered on or after January 1, 1998.

     2. NAC 686A.460 to 686A.479, inclusive, do not apply to:

     (a) Variable life insurance;

     (b) Individual and group annuity contracts;

     (c) Credit life insurance; or

     (d) Policies of life insurance that do not have illustrated death benefits for any person which exceed $10,000.

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

                    
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