688C.090 “Purchaser of viatical settlements” defined.
1. “Purchaser of viatical settlements” means:
(a) A person who gives a sum of money as consideration for a policy or an interest in the death benefits of a policy;
(b) A person who owns or acquires or is entitled to a beneficial interest in a trust that owns a viatical settlement contract as described in subsection 2 of NRS 687B.040; or
(c) A person who is the beneficiary of a policy that has been or will be the subject of a viatical settlement contract, for the purpose of deriving an economic benefit.
2. The term does not include:
(a) A person licensed pursuant to this chapter;
(b) An accredited investor or qualified institutional buyer as defined respectively in Regulation D, Rule 501 or Rule 144A of the Federal Securities Act of 1933, as amended;
688C.090 “Purchaser of viatical settlements” defined.
1. “Purchaser of viatical settlements” means:
(a) A person who gives a sum of money as consideration for a policy or an interest in the death benefits of a policy;
(b) A person who owns or acquires or is entitled to a beneficial interest in a trust that owns a viatical settlement contract as described in subsection 2 of NRS 687B.040; or
(c) A person who is the beneficiary of a policy that has been or will be the subject of a viatical settlement contract, for the purpose of deriving an economic benefit.
2. The term does not include:
(a) A person licensed pursuant to this chapter;
(b) An accredited investor or qualified institutional buyer as defined respectively in Regulation D, Rule 501 or Rule 144A of the Federal Securities Act of 1933, as amended;
688C.090 “Purchaser of viatical settlements” defined.
1. “Purchaser of viatical settlements” means:
(a) A person who gives a sum of money as consideration for a policy or an interest in the death benefits of a policy;
(b) A person who owns or acquires or is entitled to a beneficial interest in a trust that owns a viatical settlement contract as described in subsection 2 of NRS 687B.040; or
(c) A person who is the beneficiary of a policy that has been or will be the subject of a viatical settlement contract, for the purpose of deriving an economic benefit.
2. The term does not include:
(a) A person licensed pursuant to this chapter;
(b) An accredited investor or qualified institutional buyer as defined respectively in Regulation D, Rule 501 or Rule 144A of the Federal Securities Act of 1933, as amended;
