Nevada Administrative Code
Chapter 688C - Viatical Settlements
Section 688C.240 - Prohibited acts
Universal Citation: NV Admin Code 688C.240
Current through December 12, 2024
1. A provider of viatical settlements or a broker of viatical settlements shall not:
(a) Discriminate in the making or solicitation of viatical settlements on the basis of race, age, sex, national origin, religion, occupation, marital or familial status or sexual orientation.
(b) Pay or offer to pay any fee, commission or other compensation to a physician, an attorney, an accountant, another person providing medical, legal or financial planning, or any other person acting as an agent for a viator for a referral of an insured to the provider of viatical settlements or broker of viatical settlements.
(c) Knowingly solicit a person who has provided health care services or has been asked to provide health care services to an insured to be a purchaser of viatical settlements involving the insured.
2. A person shall not act:
(a) As both a provider of viatical settlements and as a broker of viatical settlements for a viatical settlement.
(b) As a broker of viatical settlements without the written agreement of the viator.
3. A provider of viatical settlements shall not use a longer life expectancy for an insured than is reasonable.
Added to NAC by Comm'r of Insurance by R180-03, eff. 11-15-2004
NRS 679B.130
Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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