Restrictions on business of broker and provider of viatical settlements.

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. (Added to NRS by 2009, 1790)