Related provider trust definition

Related provider trust means a titling trust or other trust established by a licensed viatical settlement provider or a financing entity for the sole purpose of holding the ownership or beneficial interest in purchased policies in connection with a financing transaction. The trust shall have a written agreement with the licensed viatical settlement provider under which the licensed viatical settlement provider is responsible for ensuring compliance with all statutory and regulatory requirements and under which the trust agrees to make all records and files related to viatical settlement transactions available to the commissioner as if those records and files were maintained directly by the licensed viatical settlement provider.

Related provider trust means a titling trust or other trust

Related provider trust means a trust that is established by a licensed provider or a financing entity for the sole purpose of holding the ownership or beneficial interest in purchased policies in connection with a financing transaction and that has a written agreement with the licensed provider under which the licensed provider is responsible for ensuring compliance with all statutory and regulatory requirements and under which the trust agrees to make all records and files relating to life settlement transactions available to the commissioner as if those records were maintained directly by the licensed provider.

Examples of Related provider trust in a sentence

• Related provider trust" means a titling trust or other trust established by a licensed settlement provider or a financing entity for the sole purpose of holding the ownership or beneficial interest in purchased policies in connection with a financing transaction.

• Related provider trust means a titling trust or other trust established by a licensed viatical settlement provider or a financing entity for the sole purpose of holding the ownership or beneficial interest in purchased policies in connection with a financing transaction.

• Subsections (8), (9), (10), (14), and (15)19ofsection 626.9911, Florida Statutes, are amended to read:20 626.9911 Definitions.--As used in this act, the term:21 (8) "Related provider trust" means a titling trust or22 other trust established by a licensed viatical settlement23 provider or financing entity for the sole purpose of holding24 the ownership or beneficial interest in purchased policies in25 connection with a financing transaction entering into or26 owning viatical settlement contracts.

• Subsections (8), (9), (10), (14), and (15)7 of section 626.9911, Florida Statutes, are amended to read:8 626.9911 Definitions.--As used in this act, the term:9 (8) "Related provider trust" means a titling trust or10 other trust established by a licensed viatical settlement11 provider or financing entity for the sole purpose of holding12 the ownership or beneficial interest in purchased policies in13 connection with a financing transaction entering into or14 owning viatical settlement contracts.

• Subsections (8), (9), (10), (14), and (15)18 of section 626.9911, Florida Statutes, are amended to read:19 626.9911 Definitions.--As used in this act, the term:20 (8) "Related provider trust" means a titling trust or21 other trust established by a licensed viatical settlement22 provider or a financing entity for the sole purpose of holding23 the ownership or beneficial interest in purchased policies in24 connection with a financing transaction.

More Definitions of Related provider trust

Related provider trust means a titling trust or other trust established by a licensed

Related provider trust means a titling trust or other trust established by a licensed viatical settlement provider or a financing entity for the sole purpose of holding the ownership or beneficial interest in purchased policies in connection with a financing transaction.

Related provider trust means a titling trust or other trust established by a licensed life settlement provider or a financing entity for the sole purpose of holding the ownership or beneficial interest in pur- chased policies in connection with a financing transaction. The trust shall have a written agreement with the licensed life settlement provider under which the licensed life settlement provider is responsible for ensuring compliance with all statutory and regulatory requirements and under which the trust agrees to make all records and files related to life settlement transactions available to the director as if those records and files were maintained directly by the licensed life settlement provider.

Related provider trust means a trust established

Related provider trust means a trust established by a licensed life settlement provider or a financing entity solely to hold the ownership of or beneficial interests in purchased policies in connection with financing.

Related provider trust means a trust established by a licensed life settlement

Related provider trust means a trust established by a licensed life settlement provider or a financing entity for the sole purpose of holding the ownership or benefi- cial interest in purchased policies in con- nection with a financing transaction.