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Nevada Revised Statutes Title 57. Insurance § 688C.090. “Purchaser of viatical settlements” defined

Current as of January 01, 2025 | Updated by Findlaw Staff

1. “Purchaser of viatical settlements” means:

(a) A person who gives a sum of money as consideration for a policy or an interest in the death benefits of a policy;

(b) A person who owns or acquires or is entitled to a beneficial interest in a trust that owns a viatical settlement contract as described in subsection 2 of NRS 687B.040; or

(c) A person who is the beneficiary of a policy that has been or will be the subject of a viatical settlement contract, for the purpose of deriving an economic benefit.

2. The term does not include:

(a) A person licensed pursuant to this chapter;

(b) An accredited investor or qualified institutional buyer as defined respectively in Regulation D, Rule 501  1 or Rule 144A  2 of the Federal Securities Act of 1933, as amended;

(c) A financing agent; or

(d) A special organization.

1 17 C.F.R. 230.501 to 230.508
2 17 C.F.R. 230.144A
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Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 688C.090. “Purchaser of viatical settlements” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-688c-090/

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