Nev. Rev. Stat. § 688A.240
Annuities: Reinstatement
Nevada · Nevada Revised Statutes Chapter 688A — Life Insurance and Annuity Contracts · Status: effective
Cite this
- Citation
- Nev. Rev. Stat. § 688A.240, Annuities: Reinstatement, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2147254
- Permanent ID
ys:prov:2147254@1- SHA-256
c3ee7948063779556ff3c942df5588ec1e6f5438d7ec5bc051efcc44aa51c8cf
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
In an annuity or pure endowment contract, other than a reversionary or group annuity, there shall be a provision that the contract may be reinstated at any time within 1 year from the default in making stipulated payments to the insurer, unless the cash surrender value has been paid, but all overdue stipulated payments and any indebtedness to the insurer on the contract shall be paid or reinstated with interest thereon at a rate to be specified in the contract but not exceeding 6 percent per annum payable annually, and in cases where applicable the insurer may also include a requirement of evidence of insurability satisfactory to the insurer.