Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
NRS 688C.010 - Definitions. - As used in this chapter, unless the context otherwise requires,...
NRS 688C.020 - "Advertising" defined. - "Advertising" means a written, electronic or printed communication or a...
NRS 688C.030 - "Broker of viatical settlements" defined. - "Broker of viatical settlements" means a person who on behalf...
NRS 688C.040 - "Business of viatical settlements" defined. - "Business of viatical settlements" means the offering, solicitation, negotiation, procurement,...
NRS 688C.050 - "Chronically ill" defined. - "Chronically ill" means: 1. Being unable to perform at least...
NRS 688C.060 - "Financing agent" defined. - 1. "Financing agent" means an underwriter, agent for placement, enhancer...
NRS 688C.070 - "Policy" defined. - "Policy" means an individual or group policy, group certificate, contract...
NRS 688C.080 - "Provider of viatical settlements" defined. - "Provider of viatical settlements" means a person other than a...
NRS 688C.090 - "Purchaser of viatical settlements" defined. - 1. "Purchaser of viatical settlements" means: (a) A person who...
NRS 688C.095 - "Rescission period" defined. - "Rescission period" means the shorter period of 60 days after...
NRS 688C.100 - "Special organization" defined. - "Special organization" means an organization formed by a licensed provider...
NRS 688C.110 - "Terminally ill" defined. - "Terminally ill" means having an illness that can reasonably be...
NRS 688C.130 - "Viatical settlement" defined. - "Viatical settlement" means a written agreement between a viator and...
NRS 688C.133 - "Viatical settlement investment" defined. - "Viatical settlement investment" has the meaning ascribed to it in...
NRS 688C.135 - "Viatical settlement investment agent" and "investment agent of viatical settlements" defined. - "Viatical settlement investment agent" or "investment agent of viatical settlements"...
NRS 688C.137 - "Viatical settlement purchase agreement" defined. - "Viatical settlement purchase agreement" means a contract or agreement to...
NRS 688C.140 - "Viaticated policy" defined. - "Viaticated policy" means a policy that has been acquired by...
NRS 688C.150 - "Viator" defined. - 1. "Viator" means the owner of a policy or the...
NRS 688C.160 - Governing law when residents of different states are viators or purchasers of viatical settlements with respect to single policy. - If there is more than one viator or purchaser of...
NRS 688C.170 - Regulations. - The Commissioner may adopt regulations to: 1. Establish standards for...
NRS 688C.175 - Applicability of other provisions. - 1. Persons engaged in the business of viatical settlements are...
NRS 688C.180 - Examinations and investigations by Commissioner. - The Commissioner may examine or investigate a licensee under this...
NRS 688C.190 - License to operate as investment agent or provider or broker of viatical settlements: Required application; renewal; expiration; fees; information regarding certain persons; effect; exception. - 1. Except as otherwise provided in NRS 688C.215, a person...
NRS 688C.200 - Investigation of applicant; issuance of license; requirements regarding evidence of financial responsibility; requirements regarding service of process for nonresident; provision of certain new or revised information to Commissioner. - 1. Upon the filing of an application and payment of...
NRS 688C.210 - Suspension, revocation or refusal of license: Grounds; limitation on suspension period for certain grounds; application for hearing. - 1. After notice, and after a hearing if requested, the...
NRS 688C.212 - Financial planner who performs certain activities related to viatical settlements required to be licensed as insurance consultant. [Effective through June 30, 2022.] Financial planner who performs certain activities related to viatical... - 1. A financial planner who, on behalf of a viator...
NRS 688C.213 - Probation of broker or investment agent of viatical settlements for acting in bad faith. - The Commissioner may place a broker or investment agent of...
NRS 688C.214 - Action by Commissioner against producer of life insurance for violation or acting in bad faith regarding viator; application for hearing. - 1. If the Commissioner finds that a producer of life...
NRS 688C.215 - License to operate as investment agent or broker of viatical settlements not required for certain producers of insurance; registration with Division and compliance with certain provisions required; fee; penalty. - 1. A natural person who has been licensed for at...
NRS 688C.220 - Filing and approval of forms; submission of advertising material. - A person shall not use a form of viatical settlement...
NRS 688C.230 - Filing by licensee of annual statement; confidentiality of information; authorized disclosure of identity of insured; regulations. - 1. Each licensee under this chapter shall file with the...
NRS 688C.240 - Retention of records and documents by licensee. - 1. A person required to be licensed under this chapter...
NRS 688C.242 - Viatical settlement investment agent: Representation of appointing or contracting provider of viatical settlements. - A viatical settlement investment agent is deemed to represent the...
NRS 688C.244 - Viatical settlement investment agent: Knowledge of identity of or communication with viator or insured prohibited. - A viatical settlement investment agent shall not: 1. Have knowledge...
NRS 688C.250 - Disclosures required to be furnished by provider or broker of viatical settlements to viator upon or before execution of application for settlement. - 1. With each application for a viatical settlement, a provider...
NRS 688C.260 - Disclosures required to be furnished by provider of viatical settlements to viator upon or before execution of settlement. - A provider of viatical settlements shall furnish to the viator,...
NRS 688C.262 - Disclosures required to be provided by provider of viatical settlements or viatical settlement investment agent to purchaser of viatical settlement before execution of settlement; provision of certain brochure. - 1. Before the date on which an agreement to purchase...
NRS 688C.264 - Additional disclosure required to be provided by provider of viatical settlements or viatical settlement investment agent to purchaser of viatical settlement upon or before date of assignment, transfer or sale of policy. - Not later than the date of assignment, transfer or sale...
NRS 688C.266 - Form of certain disclosures. - Disclosures made pursuant to NRS 688C.262 and 688C.264 must be...
NRS 688C.268 - Disclosure required to issuer of policy by broker or provider of viatical settlements who is party to plan or transaction related to policy before or during certain period after issuance of policy. - If a broker or provider of viatical settlements is a...
NRS 688C.270 - Prerequisites to entry by viator into settlement within 5 years after issuance of policy; submission of independent evidence or certification to insurer. - 1. A viator may not enter into a viatical settlement...
NRS 688C.275 - Restrictions on business of broker and provider of viatical settlements. - With respect to a viatical settlement or a policy of...
NRS 688C.280 - Acquisition of certain documents by provider or broker of viatical settlements before entry into settlement; notice to issuer of policy; requests for and responses related to verification of coverage. - 1. A provider of viatical settlements who enters into a...
NRS 688C.285 - Insurer prohibited in certain circumstances from requiring viator, insured or provider or broker of viatical settlements from signing form or disclosure not approved by Commissioner for use in connection with viatical settlements. - An insurer shall not, as a condition of responding to...
NRS 688C.290 - Submission by viator of certain documents to escrow agent; duties of escrow agent; payment of viator. - 1. A provider of viatical settlements shall instruct the viator...
NRS 688C.300 - Rescission of viatical settlement. - 1. A viatical settlement entered into in this state must...
NRS 688C.310 - Limitations on contact with insured to determine address and telephone or status of health after settlement; applicability. - 1. Contact with an insured to determine the residential or...
NRS 688C.320 - Confidentiality of medical information solicited or obtained by licensee. - All medical information solicited or obtained by a licensee under...
NRS 688C.330 - Notice to insured of transfer of ownership or change of beneficiary of viaticated policy by provider of viatical settlements; response by insurer to request for such change; prohibited acts by insurer. - 1. If a provider of viatical settlements transfers ownership or...
NRS 688C.350 - Applicability and interpretation of provisions. - NRS 688C.350 to 688C.430, inclusive, apply to advertising of viatical...
NRS 688C.360 - Establishment and maintenance by licensee of system of control; responsibility for advertisements. - Each licensee under this chapter shall establish and continuously maintain...
NRS 688C.370 - Advertisements: Avoidance of deception; filing of materials with Commissioner; regulations. - 1. An advertisement must be truthful and not misleading in...
NRS 688C.380 - Text of information required to be disclosed; use of misleading omissions, language or illustrations; use of name or title of insurer or policy; prohibited statements, implications and words. - 1. The information required to be disclosed under NRS 688C.350...
NRS 688C.390 - Use of testimonial, endorsement, appraisal, analysis or statistical information. - 1. A testimonial, endorsement, appraisal or analysis used in an...
NRS 688C.400 - Prohibited disparagement. - An advertisement may not disparage insurers, providers of insurance, other...
NRS 688C.410 - Identification of provider, viatical settlement and agreement to purchase viatical settlement; statement of name of licensee. - 1. The name of the provider of viatical settlements must...
NRS 688C.420 - Use of words, symbols or physical materials similar to those of governmental program or agency; creation of impression of governmental recommendation or endorsement; statements regarding licensing. - 1. An advertisement may not use a combination of words,...
NRS 688C.430 - Disclosures required when emphasizing speed of viatication or monetary amounts available. - 1. If an advertiser emphasizes the speed with which viatication...
NRS 688C.440 - Interference with enforcement of chapter or investigation of possible violation unlawful; permitting person convicted of certain felonies to participate in business of viatical settlements unlawful. - It is unlawful knowingly or intentionally: 1. For any person...
NRS 688C.450 - Felonious acts. - It is a category D felony, and the offender shall...
NRS 688C.460 - Provision to Commissioner of information regarding felonious acts. - 1. A person engaged in the business of viatical settlements...
NRS 688C.470 - Immunity of persons providing information regarding felonious acts; award of attorney’s fees and costs. - 1. Except as otherwise provided in subsection 2, a person...
NRS 688C.480 - Confidentiality and disclosure of certain documents and information regarding felonious acts. - 1. Except as otherwise provided in NRS 239.0115, a document...
NRS 688C.490 - Establishment, maintenance and modification by licensees of certain protective measures against fraud; confidentiality of plan submitted to Commissioner. - 1. Each licensee under this chapter shall establish and maintain...
NRS 688C.500 - Statement related to false information required on application or contract for viatical settlement; effect. - An application or contract for a viatical settlement, however transmitted,...
NRS 688C.510 - Injunctive and other relief; administrative fine; restitution; civil action; rescission. - 1. In addition to the penalties and other means of...