Examples of Viatical settlement in a sentence
Viatical settlement providers and viatical settlement brokers shall be responsible for the actions of their authorized representatives.
Viatical settlement investment contract issuers and registered agents of issuers must provide specific, written disclosures of risk to Iowa investors at the time of the initial offer to sell a viatical settlement investment contract.
Viatical settlement contract means an agreement for the purchase, sale, assignment, transfer, devise, or bequest of all or any portion of the death benefit or ownership of a life insurance policy or contract for consideration which is less than the expected death benefit of the life insurance policy or contract.
Viatical settlement providers and viatical settlement brokers shall have in place antifraud initiatives reasonably calculated to detect, prosecute and prevent fraudulent viatical settlement acts.
Viatical settlement providers that had licenses prior to January 1, 2009, shall have a renewal date of January 1.