Syfert Injury Law Firm

Short title.

Definitions.

Viatical settlement provider license required; application for license.

Viatical settlement provider license continuance; annual report; fees; deposit.

Suspension, revocation, denial, or nonrenewal of viatical settlement provider license; grounds; administrative fine.

Effect of suspension or revocation of viatical settlement provider license; duration of suspension; reinstatement.

Viatical settlement broker license required.

Life expectancy providers; registration required; denial, suspension, revocation.

Viatical settlement broker’s compensation.

Notice of change of licensee or registrant’s address or name.

Use of licensed viatical settlement providers, viatical settlement brokers, and registered life expectancy providers required.

Filing of forms; required procedures; approval.

Examination.

Viatical settlement contracts; required disclosures.

Viatical settlement contracts; procedures; rescission.

Conflict of regulation of viaticals.

Rules.

Rate regulation not authorized.

Unfair trade practices; cease and desist; injunctions; civil remedy.

Cease and desist orders and fines.

Prohibited practices; penalties.

Viatical provider anti-fraud plan.

Acquisitions.

Applicability of insurance code.

Contestability of viaticated policies.

Void and unenforceable contracts, agreements, arrangements, and transactions.

Contestability of life insurance policies.

Notice to insureds.

Grace period.