Nevada Administrative Code
Chapter 688A - Life Insurance and Annuity Contracts
ANNUITY CONTRACTS AND DEPOSIT FUNDS
Section 688A.160 - Restrictions on presentations, literature and contract forms

Universal Citation: NV Admin Code 688A.160

Current through February 27, 2024

1. A presentation of benefits must not display guaranteed and nonguaranteed benefits as a single sum unless guaranteed benefits are shown separately in close proximity thereto and with equal prominence.

2. Sales promotion literature and contract forms must not state or imply that annuity contracts or deposit funds are the same as savings accounts or deposits in banking or savings institutions. The use of passbooks which resemble savings bank passbooks is prohibited.

3. Any reference to dividends or to excess interest credits must include a statement that the dividends or credits are not guaranteed.

Comm'r of Insurance, LH-7 § 7 subsecs. D, E & F, eff. 2-6-80

NRS 679B.130

Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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