Nevada Revised Statutes 688C.275 – Restrictions on business of broker and provider of viatical settlements
With respect to a viatical settlement or a policy of insurance:
Terms Used In Nevada Revised Statutes 688C.275
- 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.
1. A broker of viatical settlements shall not knowingly solicit an offer from, effectuate a viatical settlement with or make a sale to any provider, purchaser or investment agent of viatical settlements who:
(a) Controls;
(b) Is controlled by; or
(c) Is under common control with, the broker of viatical settlements.
2. A provider of viatical settlements shall not knowingly enter into a viatical settlement with a viator if, in connection with that viatical settlement, anything of value will be paid to a broker of viatical settlements who controls, is controlled by or is under common control with a provider, purchaser or investment agent of viatical settlements who is involved in the viatical settlement.