Nev. Admin. Code § 353B.300 - Conditions for change in contractual plan
Current through October 13, 2021
The Board will amend a contract to change the contractual plan if:
Notes
NRS 353B.090
The following state regulations pages link to this page.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
NAC 353B.300 Conditions for change in contractual plan. (NRS 353B.090) The Board will amend a contract to change the contractual plan if:
1. The purchaser requests the change, submits the required fee and pays any additional sum the Board determines to be necessary, as a result of the change, to ensure the actuarial soundness of the Trust Fund;
2. No benefits have been paid pursuant to the contract;
3. The purchaser is not in default pursuant to NAC 353B.370; and
4. The contract has not been terminated.
(Added to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99)