Life settlement provider means an individual, partnership, corporation, or other entity that enters into an agreement with a person owning a life insurance policy or who owns or is covered under a group policy insuring the life of a person who does not have a catastrophic or life-threatening illness or condition, under the terms of which the life settlement provider pays compensation or anything of value, which compensation or value is less than the expected death benefit of the insurance policy or certificate, in return for the policyowner’s assignment, transfer, sale, devise, or bequest of the death benefit or ownership of the insurance policy or certificate to the life settlement provider. Life settlement provider does not include:
Life settlement provider means each of the life settlement providers listed on Schedule VIII to this Agreement, which Schedule may be amended from time to time by the Agent acting in its sole discretion to evidence the Agent’s approval of additional life settlement providers.
Life settlement provider means a person, other than a seller, who enters into or
Examples of Life settlement provider in a sentence
Life settlement provider" or "provider" means a person, other than an owner, who enters into or effectuates a life settlement contract with an owner resident in this state.
This is a separate requirement in addition to being a licensed Life settlement provider in Connecticut.
More Definitions of Life settlement provider
Life settlement provider or "provider" means a person, other than an owner, who enters into or effectuates a life settlement contract with an owner resident in this state. Nothing in this definition reduces or impairs the scope of the definitions of section 30-14-102, Idaho Code, including, but not limited to, agent, broker-dealer, investment adviser, and invest- ment adviser representative. "Life settlement provider" does not include:
Life settlement provider means a person, other than an owner, who enters into a life settlement contract. Life settlement provider also means a
Life settlement provider means GWG Life Settlements and any other life settlement provider approved from time to time in writing by the Agent acting in its sole discretion.
Life settlement provider means a person, other than an owner, that enters into or effectuates a life settlement contract with an owner resident in this state.
Life settlement provider means a person other than an owner that enters into or effectuates a life settlement.
Life settlement provider means a person who solicits, enters or negotiates life settlement contracts or offers to enter or negotiate life settlement contracts. [1995 c.342 s.2]