1. 1. “Purchaser of viatical settlements” means:

   1. (a) A person who gives a sum of money as consideration for a policy or an interest in the death benefits of a policy;
   2. (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
   3. (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. 2. The term does not include:

   1. (a) A person licensed pursuant to this chapter;
   2. (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;
   3. (c) A financing agent; or
   4. (d) A special organization.

(Added to NRS by 2001, 2168; A 2009, 1791)