626.991

Short title.

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626.991 Short title.—This act may be referred to as the “Viatical Settlement Act.”

History.—s. 1, ch. 96-336.

Notes of Decisions

Cited in 7 cases, 1999–2013 · leading case: American United Life Insurance v. Martinez

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American United Life Insurance v. Martinez (2007) ca11 “In their sixth cause of action, the insurers alleged damages under the FVSA, Fla. Stat. § 626.991 et seq., which prohibits anyone from entering into a viatical settlement if they know that the policy it addresses was procured through fraud.”

Coventry First, LLC v. McCarty (2010) ca11 “BACKGROUND A Factual background Coventry First LLC, a Delaware limited liability company headquartered in Pennsylvania, is a licensed viatical settlement provider in Florida, pursuant to the Florida Viatical Settlement Act (the Act), Fla. Stat. § 626.991 . Viatical settlement…”

State v. Viatical Services, Inc. (1999) fladistctapp · cites it 2× “See § 626.991, Fla. Stat. (1997). Its business consists of purchasing life insurance policies from insureds who must be terminally ill in order to sell their policies.”

Coventry First, LLC v. State, Office of Insurance Regulation (2010) fladistctapp “§§ 626.991-.99295, Fla. Stat. (2008). As a viatical settlement provider, Coventry provides life insurance policyholders access to a secondary market in which the policyholders can sell their policies in return for a lump-sum cash amount that exceeds the amount that the…”

McCloskey v. Department of Financial Services (2013) fladistctapp “§§ 626.991-.99295, Fla. Stat. . Florida courts have adopted the definition of "investment contract” set forth in Howey.”

Accelerated Benefits Corp. v. Department of Insurance (2002) fladistctapp “In Florida, viatical insurance providers are currently regulated pursuant to the Viatical Insurance Act, section 626.991 through 626.99295, Florida Statutes (2001).”

ACCELERATED BEN. CORP. v. Dept. of Ins. (2002) fladistctapp “In Florida, viatical insurance providers are currently regulated pursuant to the Viatical Insurance Act, section 626.991 through 626.99295, Florida Statutes (2001).”

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