Title 57

NRS 688B.050 Grace period. The group life insurance policy shall contain a provision that the policyholder is entitled to a grace period of 31 days for the payment of any premium due except the first, during which grace period the death benefit coverage shall continue in force, u…

NRS 688B.060 Incontestability. The group life insurance policy shall contain a provision that the validity of the policy shall not be contested, except for nonpayment of premium, after it has been in force for 2 years from its date of issue; and that no statement made by any pers…

NRS 688B.070 Additional provisions required in policy. The group life insurance policy shall contain a provision: 1. That a copy of the application, if any, of the policyholder shall be attached to the policy when issued and become a part of the contract; 2. That all statements m…

NRS 688B.080 Insurability. The group life insurance policy shall contain a provision setting forth the conditions, if any, under which the insurer reserves the right to require a person eligible for insurance to furnish evidence of individual insurability satisfactory to the insu…

NRS 688B.090 Misstatement of age. The group life insurance policy shall contain a provision specifying an equitable adjustment of premiums or of benefits or both to be made if the age of a person insured has been misstated, such provision to contain a clear statement of the metho…

NRS 688B.100 Payment of benefits. The group life insurance policy shall contain a provision that any sum becoming due by reason of the death of the person insured shall be payable to the beneficiary designated by the person insured, subject to the provision of the policy if there…

NRS 688B.110 Certificate: Provision to policyholder required; filing with Commissioner required for policies made under laws of another state in certain circumstances. 1. The group life policy shall contain a provision that the insurer will issue to the policyholder for delivery …

NRS 688B.120 Conversion on termination of eligibility. The group life insurance policy shall contain a provision that if the insurance on a person covered under the policy ceases because of termination of employment or of membership in the class or classes eligible for coverage u…

NRS 688B.130 Conversion on termination of policy. The group life insurance policy shall contain a provision that if the group policy terminates or is amended so as to terminate the insurance of any class of insured persons, every person insured thereunder at the date of such term…

NRS 688B.140 Death pending conversion. The group life insurance policy shall contain a provision that if a person insured under the policy dies during the period within which the person would have been entitled to have an individual policy issued to him or her in accordance with …

NRS 688B.150 Information to debtor. A policy issued to a creditor to insure debtors of such creditor shall contain a provision that the insurer will furnish to the policyholder for delivery to each debtor insured under the policy a form which will contain a statement that the lif…

NRS 688B.160 Notice as to right of conversion. 1. If any individual insured under a group life insurance policy delivered in this state after January 1, 1972, becomes entitled under the terms of such policy to have an individual policy of life insurance issued to the individual w…

NRS 688B.170 Readjustment of premium. Any group life insurance contract may provide for a readjustment of the premium rate based upon the experience thereunder. (Added to NRS by 1971, 1751)

NRS 688B.180 Application of dividends and rate reductions; applicability. 1. If a policy dividend is declared after January 1, 1972, or a reduction in rate is made after January 1, 1972, or continued for the first or any subsequent year of insurance under any policy of group life…

NRS 688B.190 Proceeds of benefits required to be paid within 30 days after death of insured; interest. An insurer shall pay the proceeds of any benefits under a group life insurance policy not more than 30 days after the death of the insured. If the proceeds are not paid within t…