Section 686A.518 - "Existing policy" defined1. "Existing policy" means:(a) A policy, presently effective, including a policy subject to a binding or conditional receipt; or(b) A policy issued with a period for an unconditional refund.2. The term does not include a policy obtained through the exercise of a dividend option.Nev. Admin. Code § 686A.518
Comm'r of Insurance, LH-3 § 7, eff. 1-4-80-NAC A 10-26-84