Viatical settlement provider definition

Viatical settlement provider means a person, other than a viator, who enters into or effectuates a viatical settlement contract. Viatical settlement provider does not include:

Viatical settlement provider means a person, other than a

Viatical settlement provider means a person

Examples of Viatical settlement provider in a sentence

• Viatical settlement provider includes a person that obtains financing from a financing entity for the purchase, acquisition, transfer or other assignment of one or more viatical settlement contracts, viaticated policies or interests therein, or otherwise sells, assigns, transfers, pledges, hypothecates or otherwise disposes of one or more viatical settlement contracts, viaticated policies or interests therein.

• To be able to compare the tested models, we implement the same technique for measuring the effectiveness of each method.

• Viatical settlement provider licenses may be renewed from year to year on the anniversary date upon payment of the annual renewal fee of $1,500.

• A viatical settlement contract also includes a contract for a loan or other financial transaction secured primarily by an individual or group life insurance policy, other than a loan by a life insurance company pursuant to the terms of the life insurance contract, or a loan secured by the cash value of a policy.(4a) 'Viatical settlement provider' means a person who enters into a viatical settlement contract with a viator.

• The application for licensure as a viatical settlement provider is controlled by Section 626.9912, Florida Statutes, which reads as follows: 626.9912 Viatical settlement provider license required; application for license.-- (1) A person may not perform the functions of a viatical settlement provider as defined in this act or enter into or solicit a viatical settlement contract without first having obtained a license from the department.

More Definitions of Viatical settlement provider

Viatical 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 has a catastrophic or life threatening illness or condition, under the terms of which the viatical 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 viatical settlement provider. Viatical settlement provider does not include:

Viatical settlement provider or 'provider' means a person, other than a

Viatical settlement provider means a person, other than a viator,

Viatical settlement provider means a person, other than a viator, that enters into or effectuates a viatical settlement contract with a viator resident in this State. "Viatical settlement provider" also means a person that obtains financing from a financing entity for the purchase, acquisition, transfer or other assignment of 1 or more viatical settlement contracts, viaticated policies or interests therein, or otherwise sells, assigns, transfers, pledges, hypothecates or otherwise disposes of 1 or more viatical settlement contracts, viaticated policies or interests therein.

Viatical settlement provider means a person that pays a viatical settlement. The term does not include any of the follow- ing:

Viatical settlement provider means a person who,

Viatical settlement provider means a person, other than a viator, that enters into or effectuates a