NRS 688C.275 Restrictions on business of broker and provider of viatical settlements.
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NRS 688C.275 Restrictions on business of broker 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.