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Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 688A.220: Annuities: Misstatement of age or sex.

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Where this section sits in the code
  1. TITLE 57 — INSURANCE
  2. CHAPTER 688A - LIFE INSURANCE AND ANNUITY CONTRACTS
  3. GENERAL PROVISIONS

In an annuity or pure endowment contract, other than a reversionary, survivorship or group annuity, there shall be a provision that if the age or sex of the person or persons upon whose life or lives the contract is made, or of any of them, has been misstated, the amount payable or benefits accruing under the contract shall be such as the stipulated payment or payments to the insurer would have purchased according to the correct age or sex and that if the insurer makes or has made any overpayment or overpayments on account of any such misstatement, the amount thereof, with interest at the rate to be specified in the contract but not exceeding 6 percent per annum, may be charged against the current or next succeeding payment or payments to be made by the insurer under the contract.

Collected 2026-09-03T05:51:46Z. Source file · JSON

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