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Nevada Administrative Code (Last Updated: January 6, 2015) |
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Chapter686A Insurance: Trade Practices and Frauds |
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SOLICITATION AND SALE OF LIFE INSURANCE |
| General Provisions |
| NAC 686A.410. Scope. |
| NAC 686A.415. Applicability. |
| NAC 686A.420. Definitions. |
| NAC 686A.425. General requirements. |
| NAC 686A.430. Insurer to provide buyer’s guide and policy summary to applicant; exception. |
| NAC 686A.435. Policy summaries. |
| NAC 686A.440. Equivalent level death benefit. |
| NAC 686A.445. Cost indexes. |
| NAC 686A.450. Equivalent level annual dividend. |
| NAC 686A.455. Failure to comply. |
| Illustrations |
| NAC 686A.460. Definitions. |
| NAC 686A.4605. “Actuarial Standards Board” defined. |
| NAC 686A.461. “Basic illustration” defined. |
| NAC 686A.4615. “Contract premium” defined. |
| NAC 686A.462. “Currently payable scale” defined. |
| NAC 686A.4625. “Disciplined current scale” defined. |
| NAC 686A.463. “Generic name” defined. |
| NAC 686A.4635. “Guaranteed elements” defined. |
| NAC 686A.464. “Illustrated scale” defined. |
| NAC 686A.4645. “Illustration” defined. |
| NAC 686A.465. “In-force illustration” defined. |
| NAC 686A.4655. “Lapse-supported illustration” defined. |
| NAC 686A.466. “Minimum assumed expenses” defined. |
| NAC 686A.4665. “Nonguaranteed elements” defined. |
| NAC 686A.467. “Nonterm group policy of life insurance” defined. |
| NAC 686A.4675. “Policy owner” defined. |
| NAC 686A.468. “Premium outlay” defined. |
| NAC 686A.4685. “Self-supporting illustration” defined. |
| NAC 686A.469. “Supplemental illustration” defined. |
| NAC 686A.4695. Applicability. |
| NAC 686A.470. Use of standards for determining disciplined current scale established by Actuarial Standards Board. |
| NAC 686A.4705. Method for determining assumed expenses; use of marginal expenses. |
| NAC 686A.471. Notification to Commissioner whether or not policy includes illustration; quotation of potential value required with nonterm group policy. |
| NAC 686A.4715. Required provisions of life insurance illustration. |
| NAC 686A.472. Use of rate of interest to determine nonguaranteed elements of policy. |
| NAC 686A.4725. Requirements for basic illustration. |
| NAC 686A.473. Contents of narrative summary in basic illustration. |
| NAC 686A.4735. Contents of numeric summary of death benefits and values of policy in basic illustration. |
| NAC 686A.474. Signed statements required if illustration is provided at time of delivery of policy. |
| NAC 686A.4745. Information to be included in basic illustration when premium outlay or contract premium changes; other information required under certain circumstances. |
| NAC 686A.475. Supplemental illustration: When authorized; format; notice referring to basic illustration required. |
| NAC 686A.476. Requirements when basic illustration or revised basic illustration is delivered by mail; insurer to retain illustration or certificate that illustration was not used. |
| NAC 686A.4765. Annual report on status of policy: When required; contents. |
| NAC 686A.477. In-force illustration to be furnished upon request. |
| NAC 686A.4772. Illustration actuary: Appointment required; qualifications; notification to Commissioner of certain acts; notification of change in status. |
| NAC 686A.4775. Illustration actuary to certify illustration; required disclosure in certification. |
| NAC 686A.478. Annual certification by officer of insurer that sells policies required. |
| NAC 686A.4785. Prohibited acts in connection with sale of policy. |
| NAC 686A.479. Penalties. |
| Prohibited Acts and Practices Concerning Solicitation of or Sale to Active Duty Service Members |
| NAC 686A.485. Applicability and effect. |
| NAC 686A.4855. Definitions. |
| NAC 686A.486. “Active duty service member” defined. |
| NAC 686A.4865. “Department of Defense personnel” defined. |
| NAC 686A.487. “Door-to-door” defined. |
| NAC 686A.4875. “General advertisement” defined. |
| NAC 686A.488. “Known” and “knowingly” defined. |
| NAC 686A.4885. “Life insurance product” defined. |
| NAC 686A.489. “Military installation” defined. |
| NAC 686A.4895. “MyPay” defined. |
| NAC 686A.490. “Side fund” defined. |
| NAC 686A.4905. “Solicit” defined. |
| NAC 686A.491. “Specific appointment” defined. |
| NAC 686A.4915. “United States Armed Forces” defined. |
| NAC 686A.492. Engaging in certain acts or practices while on military installation. |
| NAC 686A.4925. Engaging in corrupt practice or improper influence or inducement while on military installation. |
| NAC 686A.493. Engaging in corrupt practice or improper influence or inducement at any location. |
| NAC 686A.4935. Engaging in act or practice which leads to confusion regarding source, sponsorship, approval or affiliation. |
| NAC 686A.494. Engaging in act or practice which leads to confusion regarding premiums, costs or investment returns. |
| NAC 686A.4945. Engaging in certain acts or practices relating to Servicemembers’ Group Life Insurance or Veterans’ Group Life Insurance. |
| NAC 686A.495. Failure to disclose or provide certain information. |
| NAC 686A.4955. Engaging in certain acts or practices relating to side funds, compliance with standard nonforfeiture law or exclusion of coverage. |