Nev. Admin. Code § 686A.4655

Current through December 31, 2024

Section 686A.4655 - "Lapse-supported illustration" defined

"Lapse-supported illustration" means an illustration that:

1. Is not a self-supporting illustration; and

2. Uses persistency rates underlying the disciplined current scale for the first 5 years of the policy being illustrated and a 100 percent policy persistency rate thereafter.

Nev. Admin. Code § 686A.4655

Added to NAC by Comm'r of Insurance by R089-97, eff. 1-14-98

NRS 679B.130, 686A.015