“Policy of life insurance” defined.

NRS 688D.050, under PAYMENT OF BENEFITS UPON DEATH OF INSURED.

NRS 688D.050

NRS 688D.050 “Policy of life insurance” defined. 1. “Policy of life insurance” means any policy, contract or certificate of life insurance that provides a death benefit. 2. The term does not include: (a) A policy or certificate of life insurance that is used to fund a preneed contract or sales agreement for funeral or burial services pursuant to chapter 689 of NRS; (b) A policy or certificate of credit life insurance or credit accident and health insurance pursuant to chapter 690A of NRS; or (c) A policy or certificate of accidental death insurance. (Added to NRS by 2013, 2701)