“Retained asset account” defined
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NV Code › Title 57 › Chapter 688D › Section 688D.060
This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.
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“ Retained asset account ” means any account or other mechanism by which the settlement of any proceeds payable under a policy of life insurance is accomplished by the insurer or a person acting on behalf of the insurer by depositing the proceeds into an account with draft or check writing privileges, where the proceeds are retained by the insurer, pursuant to a supplementary contract not involving annuity benefits.
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