NRS688C.150. “Viator” defined.

      1.  “Viator” means the owner of a policy or the holder of a certificate of insurance under a policy of group insurance who resides in this State and who enters or seeks to enter into a viatical settlement. The term is not limited to an owner who is terminally or chronically ill except where that limitation is expressly provided.

      2.  The term does not include:

      (a) A producer of life insurance acting as a broker of viatical settlements pursuant to this chapter;

      (b) A qualified institutional buyer as defined in Rule 144A of the federal Securities Act of 1933, 15 U.S.C. §§ 77a et seq., as amended;

      (c) A financing agent; or

      (d) A special organization.

      (Added to NRS by 2001, 2168; A 2009, 1792)