Nevada § 90.308 - “Viatical settlement investment” defined
Full text of Nevada Nevada Revised Statutes § 90.308 — “Viatical settlement investment” defined, with citation guidance and answers to common questions.
§ 90.308. “Viatical settlement investment” defined
“ Viatical settlement investment ” means the contractual right to receive a specified portion of the death benefit
or ownership of a life insurance policy or certificate in exchange for consideration
that is less than the dollar amount of the expected death benefit of the life insurance
policy or certificate. The term does not include: 1. A transaction between a viator and a provider of viatical settlements; 2. A transfer of ownership or beneficial interest in a life insurance policy from
a provider of viatical settlements to another provider of viatical settlements, or
to a legal entity formed solely for the purpose of holding ownership or beneficial
interest in a life insurance policy or policies; 3. The bona fide assignment of a life insurance policy to a bank, savings bank, savings
and loan association, credit union or other licensed lending institution as collateral
for a loan; or 4. The exercise of accelerated benefits pursuant to the terms of a life insurance
policy issued in accordance with title 57 of NRS.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 90.308
What does Nevada Revised Statutes § 90.308 cover?
Section 90.308 ("“Viatical settlement investment” defined") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 90.308?
A common citation format is "Nevada Revised Statutes § 90.308" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 90.308 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.