reglab/housing_qa huggingface dataset:
NV Rev Stat § 688C.490 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.490 - Establishment, maintenance and modification by licensees of certain protective measures against fraud; confidentiality of plan submitted to Commissioner.

  1. Each licensee under this chapter shall establish and maintain protective measures against fraud which are reasonably calculated to prevent, detect and assist in the prosecution of violations of NRS 688C.450. The Commissioner may order, or a licensee may request and the Commissioner may approve, modifications of the measures otherwise required under this section, more or less restrictive than those measures, as necessary to protect against fraud. Required measures are employment of or contracting with investigators and submission of a plan to the Commissioner which includes:  (a) A description of the procedures for detecting and investigating possible violations of NRS 688C.450 and for resolving inconsistencies between medical records and applications for insurance;  (b) A description of the procedures for reporting possible violations to the Commissioner;  (c) A description of the plan for educating and training underwriters and other personnel against fraud; and  (d) A description or chart of the organizational arrangement of the personnel responsible for detecting and investigating possible violations of NRS 688C.450 and for resolving inconsistencies between medical records and applications for insurance.  2. Except as otherwise provided in NRS 239.0115, a plan submitted to the Commissioner pursuant to subsection 1 is privileged and confidential, not a public record and not subject to discovery or subpoena in a civil action or criminal prosecution.  (Added to NRS by 2001, 2178; A 2007, 2158)
NV Rev Stat § 688C.500 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.500 - Statement required on application or contract for settlement.

An application or contract for a viatical settlement, however transmitted, must contain a statement substantially as follows: "A person who knowingly presents false information in an application for a viatical settlement is guilty of insurance fraud and subject to fine and imprisonment." The lack of such a statement is not a defense in a prosecution for violation of NRS 688C.450.  (Added to NRS by 2001, 2177)
NV Rev Stat § 688C.510 (2021)
2021 Nevada Revised Statutes|Chapter 688C - Viatical Settlements|NRS 688C.510 - Injunctive and other relief; administrative fine; restitution; civil action; rescission.

  1. In addition to the penalties and other means of enforcement provided under this chapter:  (a) If a person violates a provision of this chapter or of a regulation adopted under this chapter, the Commissioner may seek an injunction and apply for temporary and permanent orders the Commissioner determines to be necessary to restrain the violator.  (b) A person who violates a provision of this chapter is subject to an administrative fine of not more than $1,000 for each violation.  (c) In addition to a criminal penalty imposed, the court shall order restitution to the person aggrieved by the violation.  2. A person aggrieved by a violation of this chapter may bring a civil action against the violator to recover the damages suffered.  3. A violation of this chapter attendant to the signing of an agreement to purchase a viatical settlement renders the agreement voidable and subject to rescission by the purchaser of viatical settlements, upon tender of the viaticated policy by the purchaser of viatical settlements to the provider of viatical settlements. Suit for rescission may be brought:  (a) In a court of competent jurisdiction;  (b) In the jurisdiction where the alleged violator resides;  (c) In the jurisdiction where the alleged violator has a principal place of business; or  (d) In the jurisdiction where the alleged violation occurred.  (Added to NRS by 2001, 2179; A 2009, 1806)
NV Rev Stat § 688D.010 (2021)
2021 Nevada Revised Statutes|Chapter 688D - Payment of Benefits Upon Death of Insured|NRS 688D.010 - Definitions.

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 688D.020 to 688D.060, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 2013, 2701)
NV Rev Stat § 688D.020 (2021)
2021 Nevada Revised Statutes|Chapter 688D - Payment of Benefits Upon Death of Insured|NRS 688D.020 - "Benefit contract" defined.

Benefit contract has the meaning ascribed to it in NRS 695A.003.  (Added to NRS by 2013, 2701)
NV Rev Stat § 688D.030 (2021)
2021 Nevada Revised Statutes|Chapter 688D - Payment of Benefits Upon Death of Insured|NRS 688D.030 - "Death Master File" defined.

Death Master File means the Death Master File from the Social Security Administration or any other database or service which is at least as comprehensive as the Death Master File from the Social Security Administration and which is acceptable to the Commissioner for determining that a person has reportedly died.  (Added to NRS by 2013, 2701)
NV Rev Stat § 688D.040 (2021)
2021 Nevada Revised Statutes|Chapter 688D - Payment of Benefits Upon Death of Insured|NRS 688D.040 - "Insured" defined.

Insured means:  1. A person covered by a policy of life insurance;  2. A holder of a retained asset account;   3. An annuitant or other owner of an annuity, when the annuity provides for benefits to be paid or other money to be distributed upon the death of the annuitant or other owner of the annuity; or  4. A person covered by a benefit contract under which contractual death benefits are payable to a beneficiary pursuant to NRS 695A.180.  (Added to NRS by 2013, 2701)
NV Rev Stat § 688D.050 (2021)
2021 Nevada Revised Statutes|Chapter 688D - Payment of Benefits Upon Death of Insured|NRS 688D.050 - "Policy of life insurance" defined.

  1. "Policy of life insurance" means any policy, contract or certificate of life insurance that provides a death benefit.  2. The term does not include:  (a) A policy or certificate of life insurance that is used to fund a preneed contract or sales agreement for funeral or burial services pursuant to chapter 689 of NRS;  (b) A policy or certificate of credit life insurance or credit accident and health insurance pursuant to chapter 690A of NRS; or  (c) A policy or certificate of accidental death insurance.  (Added to NRS by 2013, 2701)
NV Rev Stat § 688D.060 (2021)
2021 Nevada Revised Statutes|Chapter 688D - Payment of Benefits Upon Death of Insured|NRS 688D.060 - "Retained asset account" defined.

Retained asset account means any account or other mechanism by which the settlement of any proceeds payable under a policy of life insurance is accomplished by the insurer or a person acting on behalf of the insurer by depositing the proceeds into an account with draft or check writing privileges, where the proceeds are retained by the insurer, pursuant to a supplementary contract not involving annuity benefits.  (Added to NRS by 2013, 2702)
NV Rev Stat § 688D.070 (2021)
2021 Nevada Revised Statutes|Chapter 688D - Payment of Benefits Upon Death of Insured|NRS 688D.070 - Applicability.

The provisions of this chapter do not apply to any policy of life insurance, annuity or benefit contract that is used to fund or otherwise provide a death benefit under an employee benefit program which is subject to the Employee Retirement Income Security Act of 1974, 29 U.S.C. §§ 1001 et seq.  (Added to NRS by 2013, 2702)
NV Rev Stat § 688D.080 (2021)
2021 Nevada Revised Statutes|Chapter 688D - Payment of Benefits Upon Death of Insured|NRS 688D.080 - Insurer to request information sufficient to ensure payment of benefits upon death of insured.

On or before the effective date of a policy of life insurance, annuity or benefit contract or on or before the date of the establishment of a retained asset account, and upon any change in an insured, an owner or a beneficiary, an insurer shall request information sufficient to ensure that all benefits are distributed to the appropriate beneficiary upon the death of the insured.  (Added to NRS by 2013, 2702)
NV Rev Stat § 688D.100 (2021)
2021 Nevada Revised Statutes|Chapter 688D - Payment of Benefits Upon Death of Insured|NRS 688D.100 - Insurer prohibited from charging insured or beneficiary fees for search or verification.

An insurer shall not charge or collect from an insured or a beneficiary any fees or costs associated with any search or verification conducted pursuant to this chapter.  (Added to NRS by 2013, 2703)
NV Rev Stat § 688D.110 (2021)
2021 Nevada Revised Statutes|Chapter 688D - Payment of Benefits Upon Death of Insured|NRS 688D.110 - Notice to State Treasurer upon reversion by escheat; contents; transfer to State Treasurer of unclaimed benefit and interest.

 1. An insurer shall notify the State Treasurer upon the reversion by escheat of a benefit under a policy of life insurance or an annuity. The notice must state that:  (a) The beneficiary under the policy or annuity has failed to submit a claim with the insurer; and  (b) The insurer has complied with NRS 688D.090 and, after a good faith effort which has been documented pursuant to NRS 688D.090, has been unable to contact any beneficiary of the policy or annuity.  2. As soon as practicable after providing notice pursuant to subsection 1, an insurer shall transfer to the State Treasurer the amount of the unclaimed benefit owed under the policy of life insurance or annuity, including any accrued interest thereon.  3. The provisions of this section do not apply to a death benefit which vests under a benefit contract and which is payable pursuant to subsection 3 of NRS 695A.210.  (Added to NRS by 2013, 2703)
NV Rev Stat § 688D.120 (2021)
2021 Nevada Revised Statutes|Chapter 688D - Payment of Benefits Upon Death of Insured|NRS 688D.120 - Order of Commissioner: Authorization to search only electronically; approval of timeline to make files searchable electronically; exemption; approval of plan for compliance.

The Commissioner may, after notice and a hearing, issue an order:  1. Authorizing an insurer to limit its comparison against the Death Master File pursuant to NRS 688D.090 to its files that are searchable electronically.  2. Approving a timeline by which an insurer must convert its files into a form that is searchable electronically.  3. Exempting an insurer from any requirement of NRS 688D.090, including authorizing an insurer to perform a comparison against the Death Master File less frequently than semiannually, upon a demonstration of financial hardship by the insurer.  4. Approving the plan of an insurer to comply with the requirements of this chapter during the period and in the manner set forth in the plan.  (Added to NRS by 2013, 2703)
NV Rev Stat § 688D.130 (2021)
2021 Nevada Revised Statutes|Chapter 688D - Payment of Benefits Upon Death of Insured|NRS 688D.130 - Failure to comply constitutes unfair trade practice.

Except as otherwise provided in NRS 688D.120, the failure of an insurer to comply with any provision of this chapter may constitute an unfair trade practice for the purposes of chapter 686A of NRS.  (Added to NRS by 2013, 2704)
NV Rev Stat § 688D.140 (2021)
2021 Nevada Revised Statutes|Chapter 688D - Payment of Benefits Upon Death of Insured|NRS 688D.140 - Regulations.

The Commissioner may adopt regulations to carry out the provisions of this chapter.  (Added to NRS by 2013, 2704)
NV Rev Stat § 689.015 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.015 - Definitions.

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 689.035 to 689.145, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 1971, 1393; A 1987, 1260; 1991, 2203)
NV Rev Stat § 689.035 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.035 - "Agent" defined.

Agent means an individual authorized by a seller to offer, sell or solicit the purchase of a prepaid contract on behalf of the seller.  (Added to NRS by 1971, 1393)
NV Rev Stat § 689.045 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.045 - "Buyer" defined.

Buyer means the purchaser of a prepaid contract.  (Added to NRS by 1971, 1393)
NV Rev Stat § 689.065 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.065 - "Net purchase price" defined.

Net purchase price means the purchase price, including interest earned on the trust funds attributable to the buyer, remaining after deduction of the sales commission.  (Added to NRS by 1971, 1394; A 2001, 2216)
NV Rev Stat § 689.105 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.105 - "Purchase price" defined.

Purchase price means the aggregate amount to be paid by a buyer to a seller for a prepaid contract.  (Added to NRS by 1971, 1394; A 1987, 1260)
NV Rev Stat § 689.115 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.115 - "Sales commission" defined.

Sales commission means that portion of the purchase price paid to or retained by the seller as compensation in connection with the sale of a prepaid contract.  (Added to NRS by 1971, 1394)
NV Rev Stat § 689.125 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.125 - "Seller" defined.

Seller means any person selling a prepaid contract.  (Added to NRS by 1971, 1394)
NV Rev Stat § 689.135 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.135 - "Trust fund" defined.

Trust fund means a fund containing any money deposited with a trustee by a seller with respect to a prepaid contract.  (Added to NRS by 1971, 1394; A 1987, 1260)
NV Rev Stat § 689.137 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.137 - "Trust liability" defined.

Trust liability means 100 percent of the purchase price after deducting commissions.  (Added to NRS by 1991, 2203; A 1993, 2616)
NV Rev Stat § 689.145 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.145 - "Trustee" defined.

Trustee means:  1. A state or national bank or savings bank;  2. A trust company;  3. A federally insured savings and loan association; or  4. A credit union insured by the National Credit Union Share Insurance Fund or by a private insurer approved pursuant to NRS 672.755,  authorized to transact such business in the State of Nevada and designated as the trustee of the trust fund in a prepaid contract.  (Added to NRS by 1971, 1394; A 1999, 1550)
NV Rev Stat § 689.150 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.150 - Definitions.

As used in NRS 689.150 to 689.375, inclusive, unless the context otherwise requires:  1. "Funeral service or services" means those services performed normally by funeral directors, funeral arrangers or funeral or mortuary parlors and includes their sales of supplies and equipment for burial. The term includes cremations and crematory services. The term does not include services performed by a cemetery or the sale by a cemetery of services, interests in land, markers, memorials, monuments or merchandise and equipment in relation to the cemetery or the sale of crypts or niches constructed or to be constructed in a mausoleum or columbarium or otherwise on the property of a cemetery.  2. "Performer" means any person designated in a prepaid contract to furnish the funeral services, supplies and equipment covered by the contract on the demise of the beneficiary.  3. "Prepaid contract" means any contract under which, for a specified consideration paid in advance in a lump sum or by installments or payable solely from the proceeds of a policy of life insurance, the seller of the contract guarantees or promises either before or upon the death of a beneficiary named in or otherwise ascertainable from the contract to furnish funeral services and merchandise. The term does not include a contract of insurance or any instrument in writing whereby any charitable, religious, benevolent or fraternal benefit society, corporation, association, institution or organization, not having for its object or purpose pecuniary profit, promises or agrees to embalm, inter or otherwise dispose of the remains of any person, or to procure or pay the expenses, or any part thereof, of embalming, interring or otherwise disposing of the remains of any person.  (Added to NRS by 1987, 1251; A 1993, 2616; 2007, 3323; 2015, 1971)
NV Rev Stat § 689.155 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.155 - Applicability.

  1. It is unlawful for any person to receive, hold, control or manage money or proceeds received or derived from the sale of, or from a contract to sell, any personal property, merchandise, funeral supplies or services of any description not already existing, available, deliverable and suitable for use in, or for the performance of, any service before the final disposition of the remains of any deceased person, whether such payments are made in lump sum or on an installment basis, before the demise of the person purchasing them or the person for whose use and benefit they are purchased, unless the provisions of NRS 689.150 to 689.375, inclusive, are complied with.  2. The provisions of subsection 1 do not apply to a bona fide prepaid agreement whereby a licensed mortuary or funeral home is to furnish funeral services to a person who has a medically diagnosed terminal illness and which agreement is entered into and fully performed by the mortuary or funeral home on a date which is within 60 days of the date medically predicted for the demise of the person.  (Added to NRS by 1971, 1394; A 1987, 1260)
NV Rev Stat § 689.160 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.160 - Applicability of other provisions to agents and sellers.

  1. The provisions of NRS 683A.341, 683A.451, 683A.461 and 686A.010 to 686A.310, inclusive, apply to agents and sellers.  2. For the purposes of subsection 1, unless the context requires that a section apply only to insurers, any reference in those sections to "insurer" must be replaced by a reference to "agent" and "seller."  3. The provisions of NRS 679B.230 to 679B.300, inclusive, apply to sellers. Unless the context requires that a provision apply only to insurers, any reference in those sections to "insurer" must be replaced by a reference to "seller."  (Added to NRS by 1985, 1075; A 1987, 1260; 2001, 2216; 2019, 1705)
NV Rev Stat § 689.165 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.165 - Certificate of authority and compliance with provisions required.

A person shall not sell any prepaid contract or accept any money under such a contract unless:  1. The person holds a valid certificate of authority as a seller issued by the Commissioner; and  2. The contract and the sale thereof are in compliance with the provisions of NRS 689.150 to 689.375, inclusive.  (Added to NRS by 1971, 1395; A 1985, 349; 1987, 1261)
NV Rev Stat § 689.185 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.185 - Certificate of authority: Surety bond required.

  1. Except as otherwise provided in subsection 2:  (a) Before the issuance of a certificate of authority, the seller shall post with the Commissioner and thereafter maintain in force a bond in the principal sum of $50,000 issued by an authorized corporate surety in favor of the State of Nevada, or a deposit of cash or negotiable securities or a combination of cash and negotiable securities. If a deposit is made in lieu of a bond, the deposit must at all times have a market value of not less than the amount of the bond required by the Commissioner.  (b) The bond or deposit must be held for the benefit of buyers of prepaid contracts, and other persons as their interests may appear, who may be damaged by misuse or diversion of money by the seller or the agents of the seller, or to satisfy any judgments against the seller for failure to perform a prepaid contract. The aggregate liability of the surety for all breaches of the conditions of the bond must not exceed the sum of the bond. The surety on the bond has the right to cancel the bond upon giving 30 days’ notice to the Commissioner and thereafter is relieved of liability for any breach of condition occurring after the effective date of the cancellation.  (c) A certificate of authority issued to a seller is automatically suspended if the seller does not file with the Commissioner a replacement bond before the date of cancellation of the previous bond. A replacement bond must meet all requirements of this subsection for the initial bond.  (d) The Commissioner shall release the bond or deposit after the seller has ceased doing business as such and the Commissioner is satisfied of the nonexistence of any obligation or liability of the seller for which the bond or deposit was held.  2. The Commissioner may waive the requirements of subsection 1 if the seller agrees:  (a) To offer for sale only prepaid contracts that are payable solely from the proceeds of a policy of life insurance; and  (b) Not to collect any money from the purchaser of a prepaid contract.  (Added to NRS by 1971, 1395; A 1987, 1262; 2007, 3323; 2017, 2356)
NV Rev Stat § 689.195 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.195 - Certificate of authority: Issuance; denial.

  1. If the Commissioner finds that the application is complete and the applicant otherwise qualifies under the provisions of NRS 689.150 to 689.375, inclusive, the Commissioner shall issue a seller’s certificate of authority to the applicant.  2. The Commissioner shall refuse to issue a seller’s certificate of authority to any applicant who does not comply with or otherwise meet the requirements of NRS 689.150 to 689.375, inclusive. Upon such refusal, the Commissioner shall give written notice thereof to the applicant, setting forth the reasons for the refusal.  (Added to NRS by 1971, 1396; A 1987, 1263)
NV Rev Stat § 689.205 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.205 - Certificate of authority: Expiration; renewal; fees for renewal.

  1. Each seller’s certificate of authority issued pursuant to NRS 689.150 to 689.375, inclusive, expires at midnight on April 30 of the third year following its date of issuance or renewal.  2. The Commissioner shall renew a certificate of authority upon receiving a written request for renewal from the seller, accompanied by all applicable fees for renewal, which are not refundable, if the Commissioner finds that the seller is, at that time, in compliance with all applicable provisions of NRS 689.150 to 689.375, inclusive.  3. The Commissioner may accept a request for renewal received by the Commissioner within 30 days after the expiration of the certificate if the request is accompanied by a fee for renewal of 150 percent of all applicable fees otherwise required, except for any fee required pursuant to NRS 680C.110.  (Added to NRS by 1971, 1396; A 1987, 464, 1263; 2009, 1807)
NV Rev Stat § 689.215 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.215 - Certificate of authority: Revocation; suspension.

  1. After giving written notice of charges to the seller, not less than 30 days in advance of a hearing, the Commissioner may, after the hearing, revoke the seller’s certificate of authority if the seller:  (a) Obtained the certificate of authority through misrepresentation or concealment of a material fact;  (b) Is no longer qualified for such a certificate of authority; or  (c) Knowingly violates any provision of NRS 689.150 to 689.375, inclusive, or any lawful order or regulation of the Commissioner.  2. If a seller is found to be in violation of paragraph (c) of subsection 1, the Commissioner may, in lieu of revocation, suspend the seller’s certificate of authority for a period not to exceed 90 days.  (Added to NRS by 1971, 1396; A 1977, 99; 1987, 1263)