Nevada Revised Statutes 688D.050 – ‘Policy of life insurance’ defined
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1. ’Policy of life insurance’ means any policy, contract or certificate of life insurance that provides a death benefit.
Terms Used In Nevada Revised Statutes 688D.050
- Contract: A legal written agreement that becomes binding when signed.
2. The term does not include:
(a) A policy or certificate of life insurance that is used to fund a preneed contract or sales agreement for funeral or burial services pursuant to chapter 689 of NRS;
(b) A policy or certificate of credit life insurance or credit accident and health insurance pursuant to chapter 690A of NRS; or
(c) A policy or certificate of accidental death insurance.