688C.310 - Contact with insured to determine address and telephone or status of health after settlement. - Nevada Statutes

688C.310  Contact with insured to determine address and telephone or status of health after settlement.

      1.  Contact with an insured to determine the residential or business street address and telephone number of the insured or the status of the health of the insured after a viatical settlement may be made only by a provider or broker of viatical settlements who is licensed in this state, or its authorized representative, and no oftener than once every 3 months if the insured has a life expectancy of 1 year or more, or once every month if the insured has a life expectancy of less than 1 year. The provider or broker shall explain the procedure for those contacts at the time the settlement is entered into.

      2.  The limitations of subsection 1 do not apply to contacts for purposes other than determining status of health.

      3.  A provider or broker is responsible for the acts of the authorized representative of the provider or broker.

      (Added to NRS by 2001, 2173; A 2009, 1801)