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Nevada Revised Statutes Title 57. Insurance § 688C.150. “Viator” defined

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

1. “Viator” means the owner of a policy or the holder of a certificate of insurance under a policy of group insurance who resides in this State and who enters or seeks to enter into a viatical settlement. The term is not limited to an owner who is terminally or chronically ill except where that limitation is expressly provided.

2. The term does not include:

(a) A producer of life insurance acting as a broker of viatical settlements pursuant to this chapter;

(b) A qualified institutional buyer as defined in Rule 144A  1 of the federal Securities Act of 1933, 15 U.S.C. §§ 77a et seq., as amended;

(c) A financing agent; or

(d) A special organization.

1 17 C.F.R. 230.144A
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Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 688C.150. “Viator” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-688c-150/

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