Nevada § 688C.160 Governing law when residents of different states are viators or purchasers of viatical settlements with respect to single policy

Nevada Statutes

§ 688C.160 — Governing law when residents of different states are viators or purchasers of viatical settlements with respect to single policy

Nevada § 688C.160

Title 57INSURANCE

Ch. 688CViatical

GENERAL PROVISIONS

This text of Nevada § 688C.160 (Governing law when residents of different states are viators or purchasers of viatical settlements with respect to single policy) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 688C.160 (2026).

Text

If there is more than one viator or purchaser of viatical settlements with respect to a single policy and they are residents of different states, one of whom resides in this State and enters or seeks to enter into a viatical settlement or an agreement to purchase a viatical settlement, the legal effect of the viatical settlement or agreement to purchase a viatical settlement, as applicable, is governed by the law of the state in which the viator or the purchaser having the largest fractional ownership resides. If the viators or purchasers of viatical settlements own equal fractions, they may agree in writing to choose which state, among the states in which the viators or purchasers of viatical settlements reside, will be the state whose law will govern.

Free access — add to your briefcase to read the full text and ask questions with AI

If there is more than one viator or purchaser of viatical settlements with respect to a single policy and they are residents of different states, one of whom resides in this State and enters or seeks to enter into a viatical settlement or an agreement to purchase a viatical settlement, the legal effect of the viatical settlement or agreement to purchase a viatical settlement, as applicable, is governed by the law of the state in which the viator or the purchaser having the largest fractional ownership resides. If the viators or purchasers of viatical settlements own equal fractions, they may agree in writing to choose which state, among the states in which the viators or purchasers of viatical settlements reside, will be the state whose law will govern.