CHAPTER688C. Viatical Settlements  


GENERAL PROVISIONS
NRS 688C.010. Definitions.
NRS 688C.020. “Advertising” defined.
NRS 688C.030. “Broker of viatical settlements” defined.
NRS 688C.040. “Business of viatical settlements” defined.
NRS 688C.050. “Chronically ill” defined.
NRS 688C.060. “Financing agent” defined.
NRS 688C.070. “Policy” defined.
NRS 688C.080. “Provider of viatical settlements” defined.
NRS 688C.090. “Purchaser of viatical settlements” defined.
NRS 688C.095. “Rescission period” defined.
NRS 688C.100. “Special organization” defined.
NRS 688C.110. “Terminally ill” defined.
NRS 688C.130. “Viatical settlement” defined.
NRS 688C.133. “Viatical settlement investment” defined.
NRS 688C.135. “Viatical settlement investment agent” and “investment agent of viatical settlements” defined.
NRS 688C.137. “Viatical settlement purchase agreement” defined.
NRS 688C.140. “Viaticated policy” defined.
NRS 688C.150. “Viator” defined.
NRS 688C.160. Governing law when residents of different states are viators or purchasers of viatical settlements with respect to single policy.
LICENSING; REGULATION
NRS 688C.170. Regulations of Commissioner.
NRS 688C.175. Applicability of other statutes.
NRS 688C.180. Examinations and investigations by Commissioner.
NRS 688C.190. License to operate as investment agent, provider or broker: General requirements; application, renewal and expiration; effect.
NRS 688C.200. Investigation of applicant and issuance of license; evidence of financial responsibility; provision of new or revised information to Commissioner.
NRS 688C.210. Suspension, revocation or refusal of license; application for hearing.
NRS 688C.212. Certain financial planners must be licensed as insurance consultants.
NRS 688C.213. Probation of broker or investment agent of viatical settlements for acting in bad faith.
NRS 688C.214. Action against producer of life insurance for acting in bad faith.
NRS 688C.215. License to operate as investment agent or broker not required for certain producers of insurance.
NRS 688C.220. Filing and approval of forms; submission of advertising material.
NRS 688C.230. Filing of annual statement; confidentiality of information; disclosure of identity of insured.
NRS 688C.240. Retention of records and documents.
NRS 688C.242. Viatical settlement investment agent: Representation of provider.
NRS 688C.244. Viatical settlement investment agent: Identity of or communication with viator or insured.
NRS 688C.250. Disclosures to viator upon or before execution of application for settlement.
NRS 688C.260. Disclosures to viator upon or before execution of settlement.
NRS 688C.262. Disclosure to purchaser of viatical settlement; provision of other information.
NRS 688C.264. Additional disclosure to purchaser of viatical settlement.
NRS 688C.266. Form of certain disclosures.
NRS 688C.268. Disclosure to issuer of policy.
NRS 688C.270. Prerequisites to entry by viator into settlement within 5 years after issuance of policy; submission of independent evidence or certification to insurer.
NRS 688C.275. Restrictions on business of broker of viatical settlements and provider of viatical settlements.
NRS 688C.280. Acquisition of certain documents by provider or broker before entry into settlement; notice to issuer of policy; requests for verification of coverage.
NRS 688C.285. Insurer; request for verification of coverage or effecting transfer of policy; forms or disclosures.
NRS 688C.290. Submission by viator of certain documents to escrow agent; duties of escrow agent; payment of viator.
NRS 688C.300. Rescission of viatical settlement.
NRS 688C.310. Contact with insured to determine address and telephone or status of health after settlement.
NRS 688C.320. Confidentiality of medical information.
NRS 688C.330. Notice of transfer of ownership or change of beneficiary of viaticated policy by provider; response by insurer to request for change of ownership or beneficiary.
ADVERTISING
NRS 688C.350. Applicability and interpretation of provisions.
NRS 688C.360. Establishment and maintenance by licensee of system of control; responsibility for advertisements.
NRS 688C.370. Advertisements: Avoidance of deception; filing of materials with Commissioner; regulations.
NRS 688C.380. Text of information required to be disclosed; use of misleading omissions, language or illustrations; use of name or title of insurer or policy; prohibited statements, implications and words.
NRS 688C.390. Use of testimonial, endorsement, appraisal, analysis or statistical information.
NRS 688C.400. Prohibited disparagement.
NRS 688C.410. Identification of provider, viatical settlement and agreement to purchase viatical settlement; statement of name of licensee.
NRS 688C.420. Use of words, symbols or physical materials similar to those of governmental program or agency; creation of impression of governmental recommendation or endorsement; statements regarding licensing.
NRS 688C.430. Disclosures required when emphasizing speed of viatication or monetary amounts available.
UNLAWFUL ACTS; FRAUD; ENFORCEMENT
NRS 688C.440. Unlawful acts.
NRS 688C.450. Felonious acts.
NRS 688C.460. Provision to Commissioner of information regarding felonious acts.
NRS 688C.470. Immunity of persons providing information regarding felonious acts; award of attorney’s fees and costs.
NRS 688C.480. Confidentiality and disclosure of certain documents and information regarding felonious acts.
NRS 688C.490. Establishment, maintenance and modification by licensees of certain protective measures against fraud; confidentiality of plan submitted to Commissioner.
NRS 688C.500. Statement required on application or contract for settlement.
NRS 688C.510. Injunctive and other relief; administrative fine; restitution; civil action; rescission.