2013 Nevada Revised Statutes
Chapter 688C - Viatical Settlements
NRS 688C.090 - Purchaser of viatical settlements defined.
1. Purchaser of viatical settlements means:
(a) A person who gives a sum of money as consideration for a policy or an interest in the death benefits of a policy;
(b) A person who owns or acquires or is entitled to a beneficial interest in a trust that owns a viatical settlement contract as described in subsection 2 of NRS 687B.040; or
(c) A person who is the beneficiary of a policy that has been or will be the subject of a viatical settlement contract, for the purpose of deriving an economic benefit.
2. The term does not include:
(a) A person licensed pursuant to this chapter;
(b) An accredited investor or qualified institutional buyer as defined respectively in Regulation D, Rule 501 or Rule 144A of the Federal Securities Act of 1933, as amended;
(c) A financing agent; or
(d) A special organization.
(Added to NRS by 2001, 2168; A 2009, 1791)
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