LegalFix
Sign In

NRS 688D.080 - Insurer to request information sufficient to ensure payment of benefits upon death of insured.

NV Rev Stat § 688D.080 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

On or before the effective date of a policy of life insurance, annuity or benefit contract or on or before the date of the establishment of a retained asset account, and upon any change in an insured, an owner or a beneficiary, an insurer shall request information sufficient to ensure that all benefits are distributed to the appropriate beneficiary upon the death of the insured.

(Added to NRS by 2013, 2702)

Previous Section
NRS 688D.070 - Applicability.
Next Section
NRS 688D.090 - Insurer required to compare policies of life insurance, annuities, benefit contracts and retained asset accounts against Death Master File at least semiannually; requirements of insurer upon match; presumption of abandonment; records.