Statement that policy does not provide cash surrender benefits or death benefits equal to nonforfeiture amount.

  1. Law
  2. Nevada Revised Statutes
  3. Life Insurance and Annuity Contracts
  4. Statement that policy does not provide cash surrender benefits or death benefits equal to nonforfeiture amount.

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Any contract which does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount before the commencement of any annuity payments shall include a statement in a prominent place in the contract that such benefits are not provided.

(Added to NRS by 1977, 690)


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