Nev. Admin. Code § 681A.Sec. 17 - NEW
The purposes of sections 2 to 22, inclusive are to:
1. Establish uniform standards governing
reserve financing arrangements pertaining to life insurance policies that
contain guaranteed non-level gross premiums or guaranteed nonlevel benefits and
universal life insurance policies with secondary guarantees; and
2. Ensure that, with respect to each
financing arrangement, funds consisting of primary security and other security
are held by or on behalf of ceding insurers in the form and amount required
pursuant to sections 2 to 22, inclusive.
Notes
NRS 679B.130, 681A.130, 681A.145
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