on covered by a life or health insurance policy may divest himself of all incidents of ownership provided by the policy, including the conversion privileges of the policy. 2. Any person insured under a life or health insurance policy may make an assignment of all or any part of his incidents of ownership under the policy, including, but not limited to, the privilege to have issued to him an individual policy of life or health insurance pursuant to the provisions of this Code and the right to name a beneficiary. Subject to the terms of the policy or agreement between the insured, the policyholder and the insurer relating to assignment of incidents of ownership thereunder, such an assignment by an insured, whenever made, is valid for the purpose of vesting in the assignee all of the incidents of ownership so assigned. Such an assignment does not prejudice the insurer on account of any payment it may make or individual policy it may issue prior to receipt of notice of the assignment. 3. This section also applies to contracts issued by organizations for dental care and nonprofit hospital, medical and dental service corporations. (Added to NRS by 1971, 1720; A 1983, 2029) NRS 687B.210 Payment discharges insurer. 1. Whenever the proceeds of or payments under a life or health insurance policy or annuity contract issued before, on or after January 1, 1972, become payable in accordance with the terms of the policy or contract, or the exercise of any right or privilege thereunder, and the insurer makes payment thereof in accordance therewith or in accordance with any written assignment thereof, the person then designated as being entitled thereto is entitled to receive the proceeds or payments and to give full acquittance therefor, and the payments fully discharge the insurer from all claims under the policy or contract unless, before payment is made, the insurer has received at its home office written notice by or on behalf of some other person that the other person claims to be entitled to the payment or some interest in the policy or contract. 2. This section also applies to contracts issued by organizations for dental care and nonprofit hospital, medical and dental service corporations. (Added to NRS by 1971, 1720; A 1983, 2029; 1997, 1625) NRS 687B.220 Forms for proof of loss to be furnished. Upon receiving due notice of a claim of loss under an insurance contract issued or assumed by it, an insurer shall promptly furnish to the insured claimant such forms of proof of loss as it may require, for completion by such person, but such insurer shall not, by reason of the requirement so to furnish forms, have any responsibility for or with reference to the completion of such proof or the manner of any such completion or attempted completion. (Added to NRS by 1971, 1720) NRS 687B.225 Requirements for contracts for payment of cost of medical or dental care which require prior authorization of care. 1. Except as otherwise provided in NRS 689A.0405, 689A.0413, 689B.031, 689B.0374, 695B.1912, 695B.1914, 695C.1713, 695C.1735 and 695G.170, any contract for group, blanket or individual health insurance or any contract by a nonprofit hospital, medical or dental service corporation or organization for dental care which provides for payment of a certain part of medical or dental care may require the insured or member to obtain prior authorization for that care from the insurer or organization. The insurer or organization shall: (a) File its procedure for obtaining approval of care pursuant to this section for approval by the Commissioner; and (b) Respond to any request for approval by the insured or member pursuant to this section within 20 days after it receives the request. 2. The procedure for prior authorization may not discriminate among persons licensed to provide the covered care. (Added to NRS by 1983, 2028; A 1985, 2098; 1997, 307, 1729; 1999, 1943) NRS 687B.240 Administration of claims not waiver. Without limitation of any right or defense of an insurer otherwise, none of the following acts by or on behalf of an insurer shall be deemed to constitute a waiver of any provision of a policy or of any defense of the insurer thereunder: 1. Acknowledgment of the receipt of notice of loss or claim under the policy. 2. Furnishing forms for reporting a loss or claim, for giving information relative thereto, or for making proof of loss, or receiving or acknowledging receipt of any such forms or proofs completed or uncompleted. 3. Investigating any loss or claim under any policy or engaging in negotiations looking toward a possible settlement of any such loss or claim. (Added to NRS by 1971, 1721) NRS 687B.250 Payment not to constitute admission of liability or waiver of defenses. 1. No payment or payments made by any person, or by his insurer by virtue of a liability insurance policy, on account of bodily injury or death or damage to or loss of property of another shall constitute an admission of liability or waiver of defenses as to such injury, death, loss or damage, or be admissible in evidence in any action brought against the insured person or his insurer for damages, indemnity or benefits arising out of such injury, death, loss or damage, unless pleaded as a defense to the action. 2. All such payments shall be credited upon any settlement made by, or judgment rendered in such an action against, the payer or his insurer, and in favor of any person to whom or on whose account payment was made. (Added to NRS by 1971, 1721) NRS 687B.255 Insurer to pay claim with negotiable instrument. If an insurer is required to pay a claim, the insurer shall pay that claim with an instrument which is immediately negotiable. An insurer shall be deemed to have complied with the provisions of this section if the insurer enters into an agreement, with a bank located in this state, which provides that the bank will accept the insurer’s drafts in as timely a manner as it accepts the insurer’s checks. (Added to NRS by 1989, 1799) NRS 687B.260 Exemption of proceeds of certain policies. 1. If a policy of insurance, whether issued before, on or after January 1, 1972, is effected by any person on his own life, or on another life, in favor of a person other than himself, or, except in cases of transfer with intent to defraud creditors, if a policy of life insurance is assigned or in any way made payable to any such person, the lawful beneficiary or assignee thereof, other than the insured or the person so effecting such insurance or executors or administrators of the insured or the person so effecting such insurance, is entitled to its proceeds and avails against the creditors and representatives of the insured and of the person effecting the same, whether or not the right to change the beneficiary is reserved or permitted and whether or not the policy is made payable to the person whose life is insured or to the executors or administrators of such person if the beneficiary or assignee predeceases the person. Except as otherwise provided in this subsection, such proceeds and avails are exempt from all liability for any debt of the beneficiary existing at the time the proceeds and avails are made available for his use. Subject to the statute of limitations, the amount of any premiums for such insurance paid with intent to defraud creditors, with interest thereon, inures to the benefit of the creditors from the proceeds of the policy. The insurer issuing the policy is discharged of all liability thereon by payment of its proceeds in accordance with its terms, unless, before the payment, the insurer has received written notice at its home office, by or in behalf of a creditor, of a claim to recover for transfer made or premiums paid with intent to defraud creditors, with specification of the amount claimed along with such facts as will assist the insurer to ascertain the particular policy. 2. For the purpose

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