“Purchaser of viatical settlements” defined.

1. “Purchaser of viatical settlements” means: (a) A person who gives a sum of money as consideration for a policy or an interest in the death benefits of a policy; (b) A person who owns or acquires or is entitled to a beneficial interest in a trust that owns a viatical settlement contract as described in subsection 2 of NRS 687B.040; or (c) A person who is the beneficiary of a policy that has been or will be the subject of a viatical settlement contract, for the purpose of deriving an economic benefit. 2. The term does not include: (a) A person licensed pursuant to this chapter; (b) An accredited investor or qualified institutional buyer as defined respectively in Regulation D, Rule 501 or Rule 144A of the Federal Securities Act of 1933, as amended; (c) A financing agent; or (d) A special organization. (Added to NRS by 2001, 2168; A 2009, 1791)