The group life insurance policy shall contain a provision that if a person insured under the policy dies during the period within which the person would have been entitled to have an individual policy issued to him or her in accordance with NRS 688B.120 or 688B.130 and before such an individual policy has become effective, the amount of life insurance which the person would have been entitled to have issued to him or her under such individual policy shall be payable as a claim under the group policy, whether or not application for the individual policy or the payment of the first premium therefor has been made.
(Added to NRS by 1971, 1750)
Structure Nevada Revised Statutes
Chapter 688B - Group Life Insurance
NRS 688B.010 - Short title; scope.
NRS 688B.020 - "Wholesale life insurance" defined.
NRS 688B.040 - Provisions required in policy.
NRS 688B.060 - Incontestability.
NRS 688B.070 - Additional provisions required in policy.
NRS 688B.090 - Misstatement of age.
NRS 688B.100 - Payment of benefits.
NRS 688B.120 - Conversion on termination of eligibility.
NRS 688B.130 - Conversion on termination of policy.
NRS 688B.140 - Death pending conversion.
NRS 688B.150 - Information to debtor.
NRS 688B.160 - Notice as to right of conversion.
NRS 688B.170 - Readjustment of premium.
NRS 688B.180 - Application of dividends and rate reductions; applicability.