NRS 688C.230
Filing of annual statement

  • confidentiality of information
  • disclosure of identity of insured.

1.

Each licensee under this chapter shall file with the Commissioner on or before March 1 of each year an annual statement containing such information as the Commissioner prescribes by regulation. Pursuant to subsection 7 of NRS 679B.190, the Commissioner shall classify as confidential any information received pursuant to this subsection that is:

(a)

Data of individual transactions in the business of viatical settlements; or

(b)

Data that could compromise the privacy of personal, financial or health information of a viator or insured.

2.

Except as allowed or required by a statute other than this chapter, a provider or broker of viatical settlements, an investment agent, an insurer, a producer of insurance, an information bureau, a rating agency or any other person knowing the identity of an insured shall not disclose that identity as an insured to any other person unless the disclosure is:

(a)

Necessary to effect a viatical settlement between the viator and a provider of viatical settlements and the viator and the insured have given prior written consent to the disclosure;

(b)

Necessary to effect an agreement for the purchase of a viatical settlement between the purchaser and a provider of viatical settlements, and the viator and the insured have given prior written consent to the disclosure;

(c)

Furnished in response to an investigation or examination by the Commissioner or another governmental officer or agency;

(d)

A term of or condition to the transfer of a policy by one provider of viatical settlements to another provider; or

(e)

Necessary to permit a financing agent to finance the purchase of a policy by a provider of viatical settlements and the insured has given prior written consent to the disclosure.

Source: Section 688C.230 — Filing of annual statement; confidentiality of information; disclosure of identity of insured., https://www.­leg.­state.­nv.­us/NRS/NRS-688C.­html#NRS688CSec230.

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

Feb. 5, 2021

§ 688C.230’s source at nv​.us