Viatical Settlements

  1. Law
  2. Nevada Revised Statutes
  3. Viatical Settlements

Checkout our iOS App for a better way to browser and research.

Section
688C.010

Definitions.

Section
688C.020

"Advertising" defined.

Section
688C.030

"Broker of viatical settlements" defined.

Section
688C.040

"Business of viatical settlements" defined.

Section
688C.050

"Chronically ill" defined.

Section
688C.060

"Financing agent" defined.

Section
688C.070

"Policy" defined.

Section
688C.080

"Provider of viatical settlements" defined.

Section
688C.090

"Purchaser of viatical settlements" defined.

Section
688C.095

"Rescission period" defined.

Section
688C.100

"Special organization" defined.

Section
688C.110

"Terminally ill" defined.

Section
688C.130

"Viatical settlement" defined.

Section
688C.133

"Viatical settlement investment" defined.

Section
688C.135

"Viatical settlement investment agent" and "investment agent of viatical settlements" defined.

Section
688C.137

"Viatical settlement purchase agreement" defined.

Section
688C.140

"Viaticated policy" defined.

Section
688C.150

"Viator" defined.

Section
688C.160

Governing law when residents of different states are viators or purchasers of viatical settlements with respect to single policy.

Section
688C.170

Regulations of Commissioner.

Section
688C.175

Applicability of other statutes.

Section
688C.180

Examinations and investigations by Commissioner.

Section
688C.190

License to operate as investment agent, provider or broker: General requirements; application, renewal and expiration; effect.

Section
688C.200

Investigation of applicant and issuance of license; evidence of financial responsibility; provision of new or revised information to Commissioner.

Section
688C.210

Suspension, revocation or refusal of license; application for hearing.

Section
688C.212

Certain financial planners must be licensed as insurance consultants.

Section
688C.213

Probation of broker or investment agent of viatical settlements for acting in bad faith.

Section
688C.214

Action against producer of life insurance for acting in bad faith.

Section
688C.215

License to operate as investment agent or broker not required for certain producers of insurance.

Section
688C.220

Filing and approval of forms; submission of advertising material.

Section
688C.230

Filing of annual statement; confidentiality of information; disclosure of identity of insured.

Section
688C.240

Retention of records and documents.

Section
688C.242

Viatical settlement investment agent: Representation of provider.

Section
688C.244

Viatical settlement investment agent: Identity of or communication with viator or insured.

Section
688C.250

Disclosures to viator upon or before execution of application for settlement.

Section
688C.260

Disclosures to viator upon or before execution of settlement.

Section
688C.262

Disclosure to purchaser of viatical settlement; provision of other information.

Section
688C.264

Additional disclosure to purchaser of viatical settlement.

Section
688C.266

Form of certain disclosures.

Section
688C.268

Disclosure to issuer of policy.

Section
688C.270

Prerequisites to entry by viator into settlement within 5 years after issuance of policy; submission of independent evidence or certification to insurer.

Section
688C.275

Restrictions on business of broker of viatical settlements and provider of viatical settlements.

Section
688C.280

Acquisition of certain documents by provider or broker before entry into settlement; notice to issuer of policy; requests for verification of coverage.

Section
688C.285

Insurer; request for verification of coverage or effecting transfer of policy; forms or disclosures.

Section
688C.290

Submission by viator of certain documents to escrow agent; duties of escrow agent; payment of viator.

Section
688C.300

Rescission of viatical settlement.

Section
688C.310

Contact with insured to determine address and telephone or status of health after settlement.

Section
688C.320

Confidentiality of medical information.

Section
688C.330

Notice of transfer of ownership or change of beneficiary of viaticated policy by provider; response by insurer to request for change of ownership or beneficiary.

Section
688C.350

Applicability and interpretation of provisions.

Section
688C.360

Establishment and maintenance by licensee of system of control; responsibility for advertisements.

Section
688C.370

Advertisements: Avoidance of deception; filing of materials with Commissioner; regulations.

Section
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.

Section
688C.390

Use of testimonial, endorsement, appraisal, analysis or statistical information.

Section
688C.400

Prohibited disparagement.

Section
688C.410

Identification of provider, viatical settlement and agreement to purchase viatical settlement; statement of name of licensee.

Section
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.

Section
688C.430

Disclosures required when emphasizing speed of viatication or monetary amounts available.

Section
688C.440

Unlawful acts.

Section
688C.450

Felonious acts.

Section
688C.460

Provision to Commissioner of information regarding felonious acts.

Section
688C.470

Immunity of persons providing information regarding felonious acts; award of attorney’s fees and costs.

Section
688C.480

Confidentiality and disclosure of certain documents and information regarding felonious acts.

Section
688C.490

Establishment, maintenance and modification by licensees of certain protective measures against fraud; confidentiality of plan submitted to Commissioner.

Section
688C.500

Statement required on application or contract for settlement.

Section
688C.510

Injunctive and other relief; administrative fine; restitution; civil action; rescission.