NRS 688C.150 “Viator” defined.
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NRS 688C.150 “Viator” defined.
1. “Viator” means the owner of a policy or the holder of a certificate of insurance under a policy of group insurance who resides in this State and who enters or seeks to enter into a viatical settlement. The term is not limited to an owner who is terminally or chronically ill except where that limitation is expressly provided.
2. The term does not include:
(a)A producer of life insurance acting as a broker of viatical settlements pursuant to this chapter;
(b)A qualified institutional buyer as defined in Rule 144A of the federal Securities Act of 1933, 15 U.S.C. §§ 77a et seq., as amended;
(c)A financing agent; or
(d)A special organization.