# Nev. Rev. Stat. § 688D.060: “Retained asset account” defined

> Nevada · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C688D_S688D.060

## Section

- **Citation:** Nev. Rev. Stat. § 688D.060
- **Heading:** “Retained asset account” defined
- **Jurisdiction:** Nevada
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NV Code / Title 57 / Chapter 688D / Section 688D.060

## Text

“ 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.

## Nearby sections

- [Nev. Rev. Stat. § 688D.010 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C688D_S688D.010.md)
- [Nev. Rev. Stat. § 688D.020 “Benefit contract” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C688D_S688D.020.md)
- [Nev. Rev. Stat. § 688D.030 “Death Master File” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C688D_S688D.030.md)
- [Nev. Rev. Stat. § 688D.040 “Insured” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C688D_S688D.040.md)
- [Nev. Rev. Stat. § 688D.050 “Policy of life insurance” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C688D_S688D.050.md)
- [Nev. Rev. Stat. § 688D.060 “Retained asset account” defined](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C688D_S688D.060.md)
- [Nev. Rev. Stat. § 688D.070 Applicability](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C688D_S688D.070.md)
- [Nev. Rev. Stat. § 688D.080 Insurer required to request information sufficient to ensure payment of benefits upon death of insured](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C688D_S688D.080.md)
- [Nev. Rev. Stat. § 688D.090 Insurer required to compare policies of life insurance, annuities, benefit contracts and retained asset accounts against Death Master File at least semiannually; duties of insurer upon match; records; presumption of abandonment; disclosure of personal information; required confirmation of possible death if insurer maintains certain information under group life insurance policy; exception](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C688D_S688D.090.md)
- [Nev. Rev. Stat. § 688D.100 Insurer prohibited from charging insured or beneficiary fees for search or verification](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C688D_S688D.100.md)
- [Nev. Rev. Stat. § 688D.110 Notice to State Treasurer upon reversion by escheat; contents; transfer to State Treasurer of unclaimed benefit and interest; exception](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C688D_S688D.110.md)
- [Nev. Rev. Stat. § 688D.120 Order of Commissioner: Authorization to search only electronically; approval of timeline to make files searchable electronically; exemption from requirements; approval of plan for compliance](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C688D_S688D.120.md)
- [Nev. Rev. Stat. § 688D.130 Failure of insurer to comply with chapter may constitute unfair trade practice; exception](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C688D_S688D.130.md)
- [Nev. Rev. Stat. § 688D.140 Regulations](https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C688D_S688D.140.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NV_T57_C688D_S688D.060. Check the current official text before relying on it. Not legal advice.