There shall be a provision that when the benefits under the policy become payable by reason of the death of the insured, settlement shall be made upon receipt of due proof of death and, at the insurer’s option, surrender of the policy and proof of the interest of the claimant or surrender of proof. If an insurer specifies a particular period prior to the expiration of which settlement shall be made, such period shall not exceed 2 months from the receipt of such proofs.
(Added to NRS by 1971, 1730)
Structure Nevada Revised Statutes
Chapter 688A - Life Insurance and Annuity Contracts
NRS 688A.020 - "Annuity" defined.
NRS 688A.030 - "Industrial life insurance" defined.
NRS 688A.040 - Standard provisions required in certain policies.
NRS 688A.050 - Payment of premiums.
NRS 688A.070 - Entire contract.
NRS 688A.080 - Incontestability.
NRS 688A.090 - Misstatement of age.
NRS 688A.110 - Loan secured by policy.
NRS 688A.120 - Table of installments.
NRS 688A.140 - Payment of claims.
NRS 688A.150 - Beneficiary: Industrial policies.
NRS 688A.165 - Surrender and request for cancellation of contract or policy.
NRS 688A.170 - Excluded or restricted coverage.
NRS 688A.180 - Standard provisions: Annuity and pure endowment contracts.
NRS 688A.190 - Annuities: Grace period.
NRS 688A.200 - Annuities: Incontestability.
NRS 688A.210 - Annuities: Entire contract.
NRS 688A.220 - Annuities: Misstatement of age or sex.
NRS 688A.230 - Annuities: Dividends.
NRS 688A.240 - Annuities: Reinstatement.
NRS 688A.250 - Standard provisions: Reversionary annuities.
NRS 688A.260 - Provisions limiting liability.
NRS 688A.270 - Prohibited provisions.
NRS 688A.280 - Provisions required by law of other jurisdiction.
NRS 688A.281 - Qualified charitable-gift annuity: Definitions.
NRS 688A.283 - Qualified charitable-gift annuity: Contents and form of required disclosure.
NRS 688A.285 - Qualified charitable-gift annuity: Effect of noncompliance; penalties.
NRS 688A.290 - Short title; applicability; required provisions.
NRS 688A.300 - Cash surrender value: Basic calculations.
NRS 688A.305 - Cash surrender value: Limitations on policies issued on or after January 1, 1987.
NRS 688A.310 - Paid-up nonforfeiture benefit.
NRS 688A.315 - Review of benefits and premiums for life insurance with future premium determination.
NRS 688A.325 - Calculation of adjusted premiums; operative date of section.
NRS 688A.350 - Calculation of cash surrender value and paid-up nonforfeiture benefit.
NRS 688A.360 - Insurance to which NRS 688A.290 to 688A.360, inclusive, not applicable.
NRS 688A.361 - Nonforfeiture provisions required in annuity contracts.
NRS 688A.363 - Minimum nonforfeiture amounts.
NRS 688A.3631 - Value of paid-up annuity benefits when benefit payments to commence.
NRS 688A.3633 - Value of cash surrender and death benefits before maturity.
NRS 688A.3637 - Maturity date.
NRS 688A.366 - Calculation of benefits available at time other than contract anniversary.
NRS 688A.369 - Insurance to which NRS 688A.361 to 688A.369, inclusive, not applicable.
NRS 688A.370 - Reinstatement; benefits for disability or accidental death.
NRS 688A.380 - Participating and nonparticipating policies: Accounting; allocations; dividends.
NRS 688A.390 - Separate accounts.
NRS 688A.400 - Prohibited policy plans.
NRS 688A.410 - Payment of life insurance proceeds; interest.
NRS 688A.430 - Delivery of group annuity to group formed to purchase annuity prohibited.
NRS 688A.440 - Incorporation of long-term care insurance into annuity or policy of life insurance.