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

688C.275  Restrictions on business of broker of viatical settlements 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,

Ê 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.

      (Added to NRS by 2009, 1790)