No group annuity may be delivered or issued for delivery in this state to a group which was principally formed for the purpose of purchasing one or more group annuities.
NRS 688A.430
Delivery of group annuity to group formed to purchase annuity prohibited
Known as the Standard Nonforfeiture Law
The act spans §§ 688–688 (62 sections).
(Added to NRS by 1985, 1059)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.