Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter686A Insurance: Trade Practices and Frauds |
LIFE INSURANCE AND ANNUITIES |
Replacement |
NAC686A.530. “Sales proposal” defined.
Latest version.
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1. “Sales proposal” means any written aid to a sale, excluding any policy summary which is used by an insurer, agent or broker to compare an existing policy to a proposed policy in support of a recommendation to replace or retain an existing policy.
2. The term does not include any aid of a generally descriptive nature which is maintained in the insurer’s advertising file.
[Comm’r of Insurance, LH-3 § 12, eff. 1-4-80]—(NAC A 10-26-84)