Nev. Rev. Stat. § 688C.275

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 688C.275 - Restrictions on business of broker and provider of viatical settlements

With respect to a viatical settlement or a policy of insurance:

1. A broker of viatical settlements shall not knowingly solicit an offer from, effectuate a viatical settlement with or make a sale to any provider, purchaser or investment agent of viatical settlements who:

(a) Controls;

(b) Is controlled by; or

(c) Is under common control with,

the broker of viatical settlements.

2. A provider of viatical settlements shall not knowingly enter into a viatical settlement with a viator if, in connection with that viatical settlement, anything of value will be paid to a broker of viatical settlements who controls, is controlled by or is under common control with a provider, purchaser or investment agent of viatical settlements who is involved in the viatical settlement.

NRS 688C.275

Added to NRS by 2009, 1790