688C.137 - “Viatical settlement purchase agreement” defined.

688C.137  “Viatical settlement purchase agreement” defined.  “Viatical settlement purchase agreement” means a contract or agreement to which the viator is not a party, and which is entered into by a purchaser of viatical settlements to purchase a life insurance policy or an interest in a life insurance policy for the purpose of deriving an economic benefit.

      (Added to NRS by 2009, 1787)