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.
(Added to NRS by 2001, 2170; A 2009, 1795)
Structure Nevada Revised Statutes
Chapter 688C - Viatical Settlements
NRS 688C.020 - "Advertising" defined.
NRS 688C.030 - "Broker of viatical settlements" defined.
NRS 688C.040 - "Business of viatical settlements" defined.
NRS 688C.050 - "Chronically ill" defined.
NRS 688C.060 - "Financing agent" defined.
NRS 688C.070 - "Policy" defined.
NRS 688C.080 - "Provider of viatical settlements" defined.
NRS 688C.090 - "Purchaser of viatical settlements" defined.
NRS 688C.095 - "Rescission period" defined.
NRS 688C.100 - "Special organization" defined.
NRS 688C.110 - "Terminally ill" defined.
NRS 688C.130 - "Viatical settlement" defined.
NRS 688C.133 - "Viatical settlement investment" defined.
NRS 688C.137 - "Viatical settlement purchase agreement" defined.
NRS 688C.140 - "Viaticated policy" defined.
NRS 688C.150 - "Viator" defined.
NRS 688C.175 - Applicability of other provisions.
NRS 688C.180 - Examinations and investigations by Commissioner.
NRS 688C.220 - Filing and approval of forms; submission of advertising material.
NRS 688C.240 - Retention of records and documents by licensee.
NRS 688C.266 - Form of certain disclosures.
NRS 688C.275 - Restrictions on business of broker and provider of viatical settlements.
NRS 688C.300 - Rescission of viatical settlement.
NRS 688C.320 - Confidentiality of medical information solicited or obtained by licensee.
NRS 688C.350 - Applicability and interpretation of provisions.
NRS 688C.390 - Use of testimonial, endorsement, appraisal, analysis or statistical information.
NRS 688C.400 - Prohibited disparagement.
NRS 688C.450 - Felonious acts.
NRS 688C.460 - Provision to Commissioner of information regarding felonious acts.