NAC688A.435. “Nonguaranteed elements” defined.

Latest version.

“Nonguaranteed elements” means the elements under an annuity the values of which are not guaranteed at the time that the annuity is issued. The term includes, without limitation, premiums, benefits, values, noninterest-based credits, credited interested rates, bonuses and charges.

(Added to NAC by Comm’r of Insurance by R076-05, eff. 2-23-2006; A by R115-06, 9-18-2006)

Notation

REVISER’S NOTE.

The regulation of the Commissioner of Insurance filed with the Secretary of State on September 18, 2006 (LCB File No. R115-06), which amended this section, contains the following provision not included in NAC:

“An insurer or provider of insurance is not required to comply with the provisions of this regulation until December 17, 2006.”

                    
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