688C.275 - Restrictions on business of broker of viatical settlements and provider of viatical settlements. - Nevada Statutes

State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-688c > Licensing-regulation > 688c-275

688C.275 Restrictions on business of broker of viatical settlements and provider of viatical settlements. With respect to a viatical settlement or a policy of insurance:

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,

Ê 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.

(Added to NRS by 2009, 1790)

State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-688c > Licensing-regulation > 688c-275

688C.275 Restrictions on business of broker of viatical settlements and provider of viatical settlements. With respect to a viatical settlement or a policy of insurance:

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,

Ê 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.

(Added to NRS by 2009, 1790)

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State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-688c > Licensing-regulation > 688c-275

688C.275 Restrictions on business of broker of viatical settlements and provider of viatical settlements. With respect to a viatical settlement or a policy of insurance:

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,

Ê 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.

(Added to NRS by 2009, 1790)