2013 Nevada Revised Statutes
Chapter 688C - Viatical Settlements
NRS 688C.080 - Provider of viatical settlements defined.

Provider of viatical settlements means a person other than a viator who enters into or effectuates a viatical settlement. The term does not include:

1. A bank, savings and loan association, thrift company, credit union or other licensed lender that takes an assignment of a policy as security for a loan;

2. The issuer of a policy that provides accelerated benefits pursuant to the contract;

3. An authorized or eligible insurer that provides stop-loss coverage to a provider or purchaser of viatical settlements;

4. A natural person who enters into no more than one agreement in a calendar year for the transfer of policies for a value less than the expected death benefit;

5. A financing agent;

6. A special organization; or

7. A purchaser of viatical settlements.

(Added to NRS by 2001, 2167; A 2009, 1791)