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Current as of January 01, 2025 | Updated by Findlaw Staff
If there is more than one viator or purchaser of viatical settlements with respect to a single policy and they are residents of different states, one of whom resides in this State and enters or seeks to enter into a viatical settlement or an agreement to purchase a viatical settlement, the legal effect of the viatical settlement or agreement to purchase a viatical settlement, as applicable, is governed by the law of the state in which the viator or the purchaser having the largest fractional ownership resides. If the viators or purchasers of viatical settlements own equal fractions, they may agree in writing to choose which state, among the states in which the viators or purchasers of viatical settlements reside, will be the state whose law will govern.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 688C.160. Governing law when residents of different states are viators or purchasers of viatical settlements with respect to single policy - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-688c-160/
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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