2013 Nevada Revised Statutes
Chapter 688C - Viatical Settlements
NRS 688C.230 - Filing of annual statement; confidentiality of information; disclosure of identity of insured.

1. Each licensee under this chapter shall file with the Commissioner on or before March 1 of each year an annual statement containing such information as the Commissioner prescribes by regulation. Pursuant to subsection 7 of NRS 679B.190, the Commissioner shall classify as confidential any information received pursuant to this subsection that is:

(a) Data of individual transactions in the business of viatical settlements; or

(b) Data that could compromise the privacy of personal, financial or health information of a viator or insured.

2. Except as allowed or required by a statute other than this chapter, a provider or broker of viatical settlements, an investment agent, an insurer, a producer of insurance, an information bureau, a rating agency or any other person knowing the identity of an insured shall not disclose that identity as an insured to any other person unless the disclosure is:

(a) Necessary to effect a viatical settlement between the viator and a provider of viatical settlements and the viator and the insured have given prior written consent to the disclosure;

(b) Necessary to effect an agreement for the purchase of a viatical settlement between the purchaser and a provider of viatical settlements, and the viator and the insured have given prior written consent to the disclosure;

(c) Furnished in response to an investigation or examination by the Commissioner or another governmental officer or agency;

(d) A term of or condition to the transfer of a policy by one provider of viatical settlements to another provider; or

(e) Necessary to permit a financing agent to finance the purchase of a policy by a provider of viatical settlements and the insured has given prior written consent to the disclosure.

(Added to NRS by 2001, 2170; A 2009, 1795)