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Current as of January 01, 2025 | Updated by Findlaw Staff
“Provider of viatical settlements” means a person other than a viator who enters into or effectuates a viatical settlement. The term does not include:
1. A bank, savings and loan association, savings bank, thrift company, credit union or other licensed lender that takes an assignment of a policy as security for a loan;
2. The issuer of a policy that provides accelerated benefits pursuant to the contract;
3. An authorized or eligible insurer that provides stop-loss coverage to a provider or purchaser of viatical settlements;
4. A natural person who enters into no more than one agreement in a calendar year for the transfer of policies for a value less than the expected death benefit;
5. A financing agent;
6. A special organization; or
7. A purchaser of viatical settlements.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 688C.080. “Provider of viatical settlements” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-688c-080/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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