Nevada Revised Statutes Title 57. Insurance § 688B.030. Group life insurance prohibited unless approved by Commissioner; exempt policies; exclusion or limitation of coverage; applicability

1. Except as otherwise provided in this section, no policy of group life insurance may be delivered or issued for delivery in this State to a group which was formed for the purpose of purchasing one or more policies of group life insurance.

2. A policy of group life insurance may be delivered to a group described in subsection 1 if the Commissioner approves the issuance. The Commissioner must not grant approval unless the Commissioner finds that:

3. The provisions of subsection 1 do not apply to a policy of group life insurance which is delivered or issued for delivery in this State to a group whose members:

4. An insurer may exclude or limit the coverage in a policy issued pursuant to this section of any person as to whom evidence of insurability is not satisfactory to the insurer.

5. The provisions of this section apply to the offering in this State of a policy issued in another state.