Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 688C.060 - "Financing agent" defined1. "Financing agent" means an underwriter, agent for placement, enhancer of credit, lender, purchaser of securities, purchaser of a policy from a provider of viatical settlements or other person that may enter into a viatical settlement and has direct ownership in a policy that is the subject of the viatical settlement but:(a) Whose principal activity related to the transaction is providing money to effect the viatical settlement; and(b) Who has an agreement in writing with one or more licensed providers of viatical settlements to finance the acquisition of one or more viatical settlements.2. The term does not include a nonaccredited investor or a purchaser of viatical settlements.Added to NRS by 2001, 2167Added to NRS by 2001, 2167