Nevada Revised Statutes Section 688C.260 - Insurance

Disclosures to viator upon or before execution of settlement. A provider of viatical settlements shall furnish to the viator, no later than the date the viatical settlement is signed by all parties, at least the following disclosures, conspicuously displayed in the viatical settlement or in a separate document signed by the viator and the provider or broker of viatical settlements:

1. The affiliation, if any, between the provider and the issuer of the policy to be viaticated.

2. The name, address and telephone number of the provider.

3. The amount and method of calculating the broker’s commission, including anything of value paid or given to the broker for placing the policy.

4. If the policy to be viaticated was issued as a joint policy, contains family riders or covers a life other than that of the insured under it, any possible loss of coverage on the other lives under the policy, and that the viator should consult the producer of the insurance or the issuer of the policy for advice concerning the settlement.

5. The monetary amount of the current death benefit payable to the provider under the policy and, if known, the availability of any other guaranteed benefit, the monetary amount of any benefit for accidental death or dismemberment, and the provider’s interest in those benefits.

6. The name, business address and telephone number of the escrow agent, and the right of the viator or owner to inspect or receive copies of the relevant escrow or trust agreements or related documents.

Last modified: February 27, 2006