NRS 688C.090
“Purchaser of viatical settlements” defined.

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 or Rule 144A of the Federal Securities Act of 1933, as amended;

(c)

A financing agent; or

(d)

A special organization.

Source: Section 688C.090 — “Purchaser of viatical settlements” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-688C.­html#NRS688CSec090.

Last Updated

Jun. 24, 2021

§ 688C.090’s source at nv​.us