688A.410 - Payment of life insurance proceeds; interest. - Nevada Statutes

688A.410  Payment of life insurance proceeds; interest.  An insurer shall pay the proceeds of any benefits under a policy of life insurance not more than 30 days after the death of the insured. If the proceeds are not paid within this period, the insurer shall pay interest on the proceeds, at a rate which is not less than the current rate of interest on death proceeds on deposit with the insurer, from the date of death of the insured to the date when the proceeds are paid.

      (Added to NRS by 1977, 626)

      NRS 688A.430  Delivery of group annuity to group formed to purchase annuity prohibited.  No group annuity may be delivered or issued for delivery in this state to a group which was principally formed for the purpose of purchasing one or more group annuities.

      (Added to NRS by 1985, 1059)