§ 688C.170 Regulations
§ 688C.175 Applicability of other provisions
§ 688C.180 Examinations and investigations by Commissioner
§ 688C.190 License to operate as investment agent or provider or broker of viatical settlements: Required application; renewal; expiration; fees; information regarding certain persons; effect; exception
§ 688C.200 Investigation of applicant; issuance of license; requirements regarding evidence of financial responsibility; requirements regarding service of process for nonresident; provision of certain new or revised information to Commissioner
§ 688C.210 Suspension, revocation or refusal of license: Grounds; limitation on suspension period for certain grounds; application for hearing
§ 688C.212 Financial planner who performs certain activities related to viatical settlements required to be licensed as insurance consultant
§ 688C.213 Probation of broker or investment agent of viatical settlements for acting in bad faith
§ 688C.214 Action by Commissioner against producer of life insurance for violation or acting in bad faith regarding viator; application for hearing
§ 688C.215 License to operate as investment agent or broker of viatical settlements not required for certain producers of insurance; registration with Division and compliance with certain provisions required; fee; penalty
§ 688C.220 Filing and approval of forms; submission of advertising material
§ 688C.230 Filing by licensee of annual statement; confidentiality of information; authorized disclosure of identity of insured; regulations
§ 688C.240 Retention of records and documents by licensee
§ 688C.242 Viatical settlement investment agent: Representation of appointing or contracting provider of viatical settlements
§ 688C.244 Viatical settlement investment agent: Knowledge of identity of or communication with viator or insured prohibited
§ 688C.250 Disclosures required to be furnished by provider or broker of viatical settlements to viator upon or before execution of application for settlement
§ 688C.260 Disclosures required to be furnished by provider of viatical settlements to viator upon or before execution of settlement
§ 688C.262 Disclosures required to be provided by provider of viatical settlements or viatical settlement investment agent to purchaser of viatical settlement before execution of settlement; provision of certain brochure
§ 688C.264 Additional disclosure required to be provided by provider of viatical settlements or viatical settlement investment agent to purchaser of viatical settlement upon or before date of assignment, transfer or sale of policy
§ 688C.266 Form of certain disclosures
§ 688C.268 Disclosure required to issuer of policy by broker or provider of viatical settlements who is party to plan or transaction related to policy before or during certain period after issuance of policy
§ 688C.270 Prerequisites to entry by viator into settlement within 5 years after issuance of policy; submission of independent evidence or certification to insurer
§ 688C.275 Restrictions on business of broker and provider of viatical settlements
§ 688C.280 Acquisition of certain documents by provider or broker of viatical settlements before entry into settlement; notice to issuer of policy; requests for and responses related to verification of coverage
§ 688C.285 Insurer prohibited in certain circumstances from requiring viator, insured or provider or broker of viatical settlements from signing form or disclosure not approved by Commissioner for use in connection with viatical settlements
§ 688C.290 Submission by viator of certain documents to escrow agent; duties of escrow agent; payment of viator
§ 688C.300 Rescission of viatical settlement
§ 688C.310 Limitations on contact with insured to determine address and telephone or status of health after settlement; applicability
§ 688C.320 Confidentiality of medical information solicited or obtained by licensee
§ 688C.330 Notice to insured of transfer of ownership or change of beneficiary of viaticated policy by provider of viatical settlements; response by insurer to request for such change; prohibited acts by insurer
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Terms Used In Nevada Revised Statutes > Chapter 688C > Licensing; Regulation

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Dependent: A person dependent for support upon another.
  • Devise: To gift property by will.
  • Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. Source: OCC
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Fiduciary: A trustee, executor, or administrator.
  • Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • physician: means a person who engages in the practice of medicine, including osteopathy and homeopathy. See Nevada Revised Statutes 0.040
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Service of process: The service of writs or summonses to the appropriate party.
  • 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.
  • Statute: A law passed by a legislature.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Trustee: A person or institution holding and administering property in trust.