Nevada Revised Statutes 688C.060 – ‘Financing agent’ defined
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1. ’Financing agent’ means an underwriter, agent for placement, enhancer of credit, lender, purchaser of securities, purchaser of a policy from a provider of viatical settlements or other person that may enter into a viatical settlement and has direct ownership in a policy that is the subject of the viatical settlement but:
Terms Used In Nevada Revised Statutes 688C.060
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(a) Whose principal activity related to the transaction is providing money to effect the viatical settlement; and
(b) Who has an agreement in writing with one or more licensed providers of viatical settlements to finance the acquisition of one or more viatical settlements.
2. The term does not include a nonaccredited investor or a purchaser of viatical settlements.