NRS 688C.190
License to operate as investment agent, provider or broker: General requirements

  • application, renewal and expiration
  • effect.

1.

Except as otherwise provided in NRS 688C.215, a person shall not, without first obtaining a license from the Commissioner, operate in or from this State as an investment agent or a provider or broker of viatical settlements.

2.

Application for a license must be made to the Commissioner on a form prescribed by the Commissioner, accompanied by all applicable fees. A license may be renewed from year to year on its anniversary by payment of all applicable fees. The license expires if all applicable fees are not paid by that date.

3.

An applicant shall provide information on forms required by the Commissioner, who may at any time require the applicant to disclose the identity of all stockholders, partners, members, officers and employees. The Commissioner may refuse to issue a license to an organization if the Commissioner is not satisfied that a stockholder, partner, member or officer who may materially influence the applicant’s conduct satisfies the requirements of this chapter.

4.

A license issued to an organization authorizes all partners, members, officers and designated employees to act as investment agents or providers or brokers of viatical settlements. Those persons must be named in the application or a supplement to it.

Source: Section 688C.190 — License to operate as investment agent, provider or broker: General requirements; application, renewal and expiration; effect., https://www.­leg.­state.­nv.­us/NRS/NRS-688C.­html#NRS688CSec190.

688C.170
Regulations of Commissioner.
688C.175
Applicability of other statutes.
688C.180
Examinations and investigations by Commissioner.
688C.190
License to operate as investment agent, provider or broker: General requirements
688C.200
Investigation of applicant and issuance of license
688C.210
Suspension, revocation or refusal of license
688C.212
Certain financial planners must be licensed as insurance consultants.
688C.213
Probation of broker or investment agent of viatical settlements for acting in bad faith.
688C.214
Action against producer of life insurance for acting in bad faith.
688C.215
License to operate as investment agent or broker not required for certain producers of insurance.
688C.220
Filing and approval of forms
688C.230
Filing of annual statement
688C.240
Retention of records and documents.
688C.242
Viatical settlement investment agent: Representation of provider.
688C.244
Viatical settlement investment agent: Identity of or communication with viator or insured.
688C.250
Disclosures to viator upon or before execution of application for settlement.
688C.260
Disclosures to viator upon or before execution of settlement.
688C.262
Disclosure to purchaser of viatical settlement
688C.264
Additional disclosure to purchaser of viatical settlement.
688C.266
Form of certain disclosures.
688C.268
Disclosure to issuer of policy.
688C.270
Prerequisites to entry by viator into settlement within 5 years after issuance of policy
688C.275
Restrictions on business of broker of viatical settlements and provider of viatical settlements.
688C.280
Acquisition of certain documents by provider or broker before entry into settlement
688C.285
Insurer
688C.290
Submission by viator of certain documents to escrow agent
688C.300
Rescission of viatical settlement.
688C.310
Contact with insured to determine address and telephone or status of health after settlement.
688C.320
Confidentiality of medical information.
688C.330
Notice of transfer of ownership or change of beneficiary of viaticated policy by provider
Last Updated

Jun. 24, 2021

§ 688C.190’s source at nv​.us