reglab/housing_qa huggingface dataset:
NV Rev Stat § 688C.285 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.285 - Insurer; request for verification of coverage or effecting transfer of policy; forms or disclosures.

An insurer shall not, as a condition of responding to a request for verification of coverage or of effecting the transfer of a policy pursuant to a viatical settlement, require that the viator, insured, provider or broker of viatical settlements sign a form or disclosure that has not been expressly approved by the Commissioner for use in connection with a viatical settlement in this State.  (Added to NRS by 2009, 1790)
NV Rev Stat § 688C.290 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.290 - Submission by viator of certain documents to escrow agent; duties of escrow agent; payment of viator.

  1. A provider of viatical settlements shall instruct the viator to send the executed documents required to effect the change in ownership or assignment or change of beneficiary of the affected policy to a designated independent escrow agent. Within 3 business days after the date the escrow agent receives the documents, or within 3 business days after the provider receives the documents if by mistake they are sent directly to the provider, the escrow agent shall deposit the proceeds of the settlement into an escrow or trust account maintained in a regulated financial institution whose deposits are insured by the Federal Deposit Insurance Corporation.  2. Upon deposit of the proceeds in that account, the escrow agent shall deliver to the provider the original documents executed by the viator. Upon the provider’s receipt from the insurer of an acknowledgment of the change in ownership or assignment or change of beneficiary of the affected policy, the provider shall instruct the escrow agent to pay the proceeds of the settlement to the viator.  3. Payment to the viator must be made within 3 business days after the date the provider received the acknowledgment from the insurer. Failure to make the payment within that time makes the viatical settlement voidable by the viator for lack of consideration until payment is tendered to and accepted by the viator. Payment to the viator shall be deemed to have been made as of the date that the escrow agent:  (a) Releases money for a wire transfer to the viator; or  (b) Deposits a check for the amount of the proceeds with the United States Postal Service or with a commercially reasonable delivery service.  (Added to NRS by 2001, 2173; A 2009, 1800)
NV Rev Stat § 688C.300 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.300 - Rescission of viatical settlement.

  1. A viatical settlement entered into in this state must reserve to the viator an unconditional right to rescind the settlement within the rescission period. Rescission, if exercised by the viator, is effective only if the viator:  (a) Gives notice of the rescission to the provider or broker of viatical settlements; and  (b) Repays to the provider of viatical settlements all proceeds and any premiums, loans and loan interest paid on account of the viatical settlement or on behalf of the provider of viatical settlements,  within the rescission period.  2. If the insured dies during the rescission period, the settlement is deemed rescinded and all proceeds and any premiums, loans and loan interest paid on account of the viatical settlement or on behalf of the provider of viatical settlements must be repaid to the provider of viatical settlements within 60 days after the death of the insured.  3. In the event of a rescission, if the provider of viatical settlements has paid commissions or other compensation to a broker of viatical settlements in connection with the rescinded transaction, the broker of viatical settlements shall refund all such commissions and compensation to the provider of viatical settlements within 5 business days following receipt of written demand from the provider of viatical settlements. The demand must be accompanied by:  (a) The viator’s notice of rescission, if the rescission was exercised by the viator; or  (b) Notice of the death of the insured, if the rescission was due to the death of the insured within the rescission period.  4. A purchaser of viatical settlements has the right to rescind an agreement to purchase a viatical settlement within 3 business days after the purchaser of viatical settlements receives the disclosures set forth in NRS 688C.262 and 688C.264.  (Added to NRS by 2001, 2173; A 2009, 1800)
NV Rev Stat § 688C.310 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.310 - Contact with insured to determine address and telephone or status of health after settlement.

  1. Contact with an insured to determine the residential or business street address and telephone number of the insured or the status of the health of the insured after a viatical settlement may be made only by a provider or broker of viatical settlements who is licensed in this state, or its authorized representative, and no oftener than once every 3 months if the insured has a life expectancy of 1 year or more, or once every month if the insured has a life expectancy of less than 1 year. The provider or broker shall explain the procedure for those contacts at the time the settlement is entered into.  2. The limitations of subsection 1 do not apply to contacts for purposes other than determining status of health.  3. A provider or broker is responsible for the acts of the authorized representative of the provider or broker.  (Added to NRS by 2001, 2173; A 2009, 1801)
NV Rev Stat § 688C.320 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.320 - Confidentiality of medical information.

All medical information solicited or obtained by a licensee under this chapter is subject to other laws of this State relating to the confidentiality of the information.  (Added to NRS by 2001, 2173)
NV Rev Stat § 688C.330 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.330 - Notice of transfer of ownership or change of beneficiary of viaticated policy by provider; response by insurer to request for change of ownership or beneficiary.

  1. If a provider of viatical settlements transfers ownership or changes the beneficiary of a viaticated policy, the provider shall inform the insured of the transfer or change within 20 days after it occurs.  2. If an insurer receives a request for change of ownership or beneficiary of a viaticated policy from a provider of viatical settlements, the insurer shall respond within 30 days after receipt thereof with written confirmation that the change has been effected or specifying the reasons why the requested change could not be effected.  3. An insurer shall not unreasonably delay in effecting a requested change of ownership or beneficiary requested for a viaticated policy by a provider of viatical settlements.  4. An insurer shall not seek to interfere with a viatical settlement lawfully entered into in this State.  (Added to NRS by 2001, 2172; A 2009, 1801)
NV Rev Stat § 688C.350 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.350 - Applicability and interpretation of provisions.

NRS 688C.350 to 688C.430, inclusive, apply to advertising of viatical settlements, agreements to purchase viatical settlements or related products or services intended for dissemination in this state, including advertising on the Internet which is viewed by persons in this state. To the extent that federal regulation establishes requirements for disclosure, those sections must be so interpreted as to eliminate or minimize conflict with the federal requirements.  (Added to NRS by 2001, 2174; A 2009, 1802)
NV Rev Stat § 688C.360 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.360 - Establishment and maintenance by licensee of system of control; responsibility for advertisements.

Each licensee under this chapter shall establish and continuously maintain a system of control over the content, form and method of dissemination of all advertisements of its contracts and services. Each advertisement is the responsibility of the licensee as well as the person who creates or presents it. A system of control must include notification to persons authorized by the licensee who disseminate advertisements, at least annually, of the requirements and procedures for approval before use of any advertisements not furnished by the licensee.  (Added to NRS by 2001, 2174)
NV Rev Stat § 688C.370 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.370 - Advertisements: Avoidance of deception; filing of materials with Commissioner; regulations.

  1. An advertisement must be truthful and not misleading in fact or by implication. The form and content of an advertisement for viatical settlements, agreements to purchase viatical settlements or related products or services must be sufficiently complete and clear to avoid deception. An advertisement may not have a capacity or tendency to mislead or deceive, as determined by the Commissioner from the overall impression it may reasonably be expected to create upon a person of average education or intelligence in the segment of the public to which it is directed.  2. A provider of viatical settlements shall not enter into a viatical settlement unless the promotional, advertising and marketing materials, in at least 12-point type, have been filed with the Commissioner pursuant to regulations adopted by the Commissioner. The Commissioner shall adopt such regulations as the Commissioner deems necessary to carry out the provisions of this subsection.  (Added to NRS by 2001, 2175; A 2009, 1802)
NV Rev Stat § 688C.390 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.390 - Use of testimonial, endorsement, appraisal, analysis or statistical information.

  1. A testimonial, endorsement, appraisal or analysis used in an advertisement must be genuine, represent the present opinion of the author, apply to the viatical settlement or agreement to purchase a viatical settlement advertised, if any, and be reproduced with sufficient completeness to avoid misleading viators or purchasers of viatical settlements. In using a testimonial, endorsement, appraisal or analysis, a licensee under this chapter makes the statements contained therein the licensee’s own, and the statements must satisfy the requirements of NRS 688C.350 to 688C.430, inclusive.  2. If the person making a testimonial, endorsement, appraisal or analysis has a financial interest in the provider of viatical settlements or a related organization, or receives a benefit other than required wages, that fact must be prominently disclosed in the advertisement.  3. An advertisement may not state or imply that a benefit or service related to a viatical settlement or an agreement to purchase a viatical settlement has been approved or endorsed by a group, society or other organization unless that is the fact and any relationship between the organization and the provider of viatical settlements is disclosed. If the organization is owned, controlled or managed by the provider, or receives any payment or other consideration from the provider for making the endorsement or testimonial, that fact must be disclosed in the advertisement.  4. An advertisement may not contain statistical information unless it accurately reflects recent and relevant facts. The source of all statistics used in an advertisement must be identified.  5. If an endorsement refers to benefits received under a viatical settlement or an agreement to purchase a viatical settlement, all information pertinent to that endorsement must be retained for a period of 5 years after the use of the endorsement.  (Added to NRS by 2001, 2175; A 2009, 1803)
NV Rev Stat § 688C.400 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.400 - Prohibited disparagement.

An advertisement may not disparage insurers, providers of insurance, other providers or brokers of viatical settlements, policies, services or methods of marketing.  (Added to NRS by 2001, 2175)
NV Rev Stat § 688C.410 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.410 - Identification of provider, viatical settlement and agreement to purchase viatical settlement; statement of name of licensee.

  1. The name of the provider of viatical settlements must be clearly identified in an advertisement about the provider, the provider’s viatical settlements or the provider’s agreements to purchase viatical settlements. If a viatical settlement or an agreement to purchase a viatical settlement is advertised, it must be identified by number or other appropriate description. If an application is part of an advertisement, the name of the provider must be shown on the application.  2. An advertisement may not use a trade name, designation of a group, name of a parent or particular division of a provider of viatical settlements, service mark, slogan or other device or reference without disclosing the identity of the provider of viatical settlements licensed under this chapter if the advertisement would have the capacity or tendency to mislead as to the true identity of the provider or create the impression that an organization other than the licensee would have a responsibility for the financial obligation under a viatical settlement. The name of the licensee must be stated in all advertisements.  (Added to NRS by 2001, 2176; A 2009, 1804)
NV Rev Stat § 688C.420 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.420 - Use of words, symbols or physical materials similar to those of governmental program or agency; creation of impression of governmental recommendation or endorsement; statements regarding licensing.

  1. An advertisement may not use a combination of words, symbols or physical materials that by their content, phraseology, shape, color or other characteristic are so similar to a combination of words, symbols or physical materials used by a governmental program or agency, or otherwise appear to be of such a nature, that they tend to mislead viators or purchasers of viatical settlements into believing that the solicitation is connected with a governmental program or agency. An advertisement may not create the impression that a provider of viatical settlements, the provider’s financial condition or business practices, the payment of the provider’s claims or the merit, desirability or advisability of the provider’s viatical settlements or agreements to purchase viatical settlements is recommended or endorsed by a governmental authority.  2. An advertisement may state that a provider of viatical settlements is licensed in the state in which the advertisement appears, if it does not imply that competing providers are not so licensed. The advertisement may suggest consulting the licensee’s website or communicating with the Commissioner to ascertain whether the state requires licensing and, if so, whether a particular provider or broker of viatical settlements is licensed.  (Added to NRS by 2001, 2176; A 2009, 1804)
NV Rev Stat § 688C.430 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.430 - Disclosures required when emphasizing speed of viatication or monetary amounts available.

  1. If an advertiser emphasizes the speed with which viatication will occur, the advertisement must disclose the average time from completed application to date of offer and from acceptance of offer to receipt of funds by the viator.  2. If an advertiser emphasizes the monetary amounts available to viators, the advertisement must disclose the average purchase price as a fraction of face value obtained by viators who contracted with the advertiser during the preceding 6 months.  (Added to NRS by 2001, 2176)
NV Rev Stat § 688C.440 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.440 - Unlawful acts.

It is unlawful knowingly or intentionally:  1. For any person to interfere with the enforcement of the provisions of this chapter or an investigation of a possible violation of those provisions.  2. For a person engaged in the business of viatical settlements to permit any person convicted of a felony involving dishonesty or breach of trust to participate in that business.  (Added to NRS by 2001, 2177)
NV Rev Stat § 688C.450 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.450 - Felonious acts.

It is a category D felony, and the offender shall be punished as provided in NRS 193.130, for any person, knowingly or with intent to defraud, to do any of the following acts in order to deprive another of property or for the person’s own pecuniary gain:  1. Present, cause to be presented or prepare with knowledge or belief that it will be presented, false information to or by an investment agent or a provider or broker of viatical settlements, a financing agent, an insurer, a provider of insurance or any other person, or to conceal information, as part of, in support of or concerning a fact material to:  (a) An application for the issuance of a policy or viatical settlement;  (b) The underwriting of a policy or viatical settlement;  (c) A claim for payment or other benefit under a policy, viatical settlement or agreement to purchase a viatical settlement;  (d) A premium paid on a policy or as a result of an agreement to purchase a viatical settlement;  (e) A payment or change of beneficiary or ownership pursuant to a policy or viatical settlement;  (f) The reinstatement or conversion of a policy;  (g) The solicitation, offer or effectuation of a policy, viatical settlement or agreement to purchase a viatical settlement; or  (h) The issuance of written evidence of a policy, viatical settlement or agreement to purchase a viatical settlement.  2. In furtherance of a fraud or to prevent detection of a fraud:  (a) Remove, conceal, alter, destroy or sequester from the Commissioner assets or records of a licensee under this chapter or other person engaged in the business of viatical settlements;  (b) Misrepresent or conceal the financial condition of a licensee, a financing agent, an insurer or other person;  (c) Transact the business of viatical settlements in violation of this chapter; or  (d) File with the Commissioner or analogous officer of another jurisdiction a document containing false information or otherwise conceal information about a material fact from the Commissioner or other officer.  3. Present, cause to be presented or prepare with knowledge or belief that it will be presented to or by a provider or broker of viatical settlements, an investment agent, a financing agent, an insurer, a provider of insurance or any other person, in connection with a viatical settlement or transaction of insurance, a policy fraudulently by the insured or owner or an agent of either.  4. Embezzle, steal, misappropriate or convert money, premiums, credits or other property in an amount or having a value of less than $650 of a provider of viatical settlements, a viator, an insurer, an insured, an owner of a policy or other person engaged in the business of viatical settlements or insurance.  5. Attempt to commit, assist, aid, abet or conspire to commit an act or omission described in subsections 1 to 4, inclusive.  6. Under no circumstances is a violation of this section considered or intended to be a lesser included offense of a violation of the provisions of NRS 90.570.  (Added to NRS by 2001, 2176; A 2009, 1804; 2011, 180)
NV Rev Stat § 688C.460 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.460 - Provision to Commissioner of information regarding felonious acts.

  1. A person engaged in the business of viatical settlements who knows or reasonably believes that a violation of NRS 688C.450 is being, has been or will be committed shall promptly report the facts and circumstances pertaining to the violation to the Commissioner.  2. Any other person who knows or reasonably believes that a violation of NRS 688C.450 is being, has been or will be committed may furnish to the Commissioner the information required by the Commissioner.  (Added to NRS by 2001, 2177)
NV Rev Stat § 688C.470 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.470 - Immunity of persons providing information regarding felonious acts; award of attorney’s fees and costs.

  1. Except as otherwise provided in subsection 2, a person furnishing information of the kind described in NRS 688C.460 is immune from liability and civil action if the information is furnished to or received from:  (a) The Commissioner or the employees, agents or representatives of the Commissioner;  (b) Another federal, state or local law enforcement or regulatory officer or his or her employees, agents or representatives;  (c) Another person involved in the prevention or detection of violations of NRS 688C.450 or similar offenses or the employees, agents or representatives of the person;  (d) The National Association of Insurance Commissioners or other regulatory body overseeing life insurance or viatical settlements, or its employees, agents or representatives; or  (e) The insurer that issued the policy concerned in the information.  2. The immunity provided in subsection 1 does not extend to a statement made with actual malice. In an action brought against a person for filing a report or furnishing other information concerning a violation of NRS 688C.450, the plaintiff must plead specifically that the defendant acted with actual malice.  3. This section does not supplant or modify any other privilege or immunity at common law or under another statute enjoyed by a person described in subsection 1.  4. Except as otherwise provided in subsection 5, a person furnishing information as described in subsection 1 is entitled to an award of attorney’s fees and costs if:  (a) The person is a defendant in a civil case arising out of activities performed in carrying out the provisions of this section;  (b) The cause of action in the case is for libel, slander or any other relevant tort;  (c) The person is the prevailing party in the case; and  (d) The person bringing the action is not substantially justified in doing so.  5. A person furnishing information relating to the person’s own fraudulent acts as they relate to a viatical settlement is not entitled to an award pursuant to subsection 4.  (Added to NRS by 2001, 2178; A 2009, 1805)
NV Rev Stat § 688C.480 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.480 - Confidentiality and disclosure of certain documents and information regarding felonious acts.

  1. Except as otherwise provided in NRS 239.0115, a document or information furnished pursuant to NRS 688C.470 or obtained by the Commissioner in an investigation of an actual or suspected violation of NRS 688C.450 is confidential and privileged, is not a public record and is not subject to discovery or subpoena in a civil action or criminal prosecution.  2. Subsection 1 does not prohibit the Commissioner from disclosing documents or evidence so furnished or obtained:  (a) In an administrative or judicial proceeding to enforce a statute administered by the Commissioner;  (b) To another federal, state or local law enforcement or regulatory officer, another person involved in the prevention or detection of violations of NRS 688C.450, or similar offenses, or the National Association of Insurance Commissioners; or  (c) To a person engaged in the business of viatical settlements who is aggrieved by the violation.  3. Disclosure of a document or evidence under subsection 2 does not abrogate or modify the privilege covering it under subsection 1.  (Added to NRS by 2001, 2178; A 2007, 2158)