Nev. Admin. Code § 353B.180 - Application: Contents; fee; late application; copy of contract and master agreement
Current through October 13, 2021
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NAC 353B.180 Application: Contents; fee; late application; copy of contract and master agreement. (NRS 353B.090)
1. A person who desires to enter into a contract must submit to the Board an application for enrollment in the Program, on a form provided by the Board, and a fee of $100 for processing the application. The application must include:
(a) The expected date of matriculation of the qualified beneficiary;
(b) The desired contractual plan; and
(c) Any other relevant information requested by the Board.
2. The Board may accept an application for enrollment in the Program which is received after the appropriate dates for enrollment established pursuant to NAC 353B.200, but not later than 60 days before the dates established pursuant to that section for enrollment during the next year, if the purchaser pays, in addition to the fee for processing the application:
(a) The amount the Board determines would have been due if the application had been submitted on an appropriate date; and
(b) Any additional sum the Board determines to be necessary to ensure the actuarial soundness of the Trust Fund.
3. After processing an application for enrollment in the Program, the Board will send a copy of the contract and the master agreement to the purchaser.
(Added to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99; A by Bd. of Trustees of College Savings Plans of Nev. by R150-03, 8-25-2004; R055-09, 10-27-2009)