Statutes, codes, and regulations
Nevada Administrative Code
Chapter 686A - Insurance: Trade Practices and FraudsLIFE INSURANCE AND ANNUITIES
Replacement
Section 686A.577 - Replacement of annuity contract: Explanation of new contract

Nev. Admin. Code § 686A.577

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Current through October 11, 2024
Section 686A.577 - Replacement of annuity contract: Explanation of new contract

An insurer or producer of insurance who recommends the replacement of an existing annuity contract shall explain the provisions of the new annuity contract without inaccurately describing or otherwise misrepresenting the provisions of the existing annuity contract.

Nev. Admin. Code § 686A.577

Added to NAC by Comm'r of Insurance by R109-07, 1-30-2008, eff. 4-1-2008

NRS 679B.130, 686A.015