Nevada Administrative Code
Chapter 681A - Kinds of Insurance; Reinsurance
Section 681A.Sec. 5 - NEW

Universal Citation: NV Admin Code 681A.Sec. 5

Current through September 16, 2024

"Attained-age-based yearly renewable term life insurance policy" means a yearly renewable term life insurance policy in which the premium rates on both the initial current premium scale and the guaranteed maximum premium scale are:

1. Based upon the attained age of the insured such that the rates for any given policy at a given attained age of the insured is independent of the year the policy was issued; and

2. The same as the premium rates for policies covering all insured of the same sex, risk class, plan of insurance and attained age.

Added to NAC by Comm'r of Insurance by R187-22A, eff. 12/14/2022

NRS 679B.130, 681A.130, 681A.145

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