Who effectuates viatical settlement contracts
A person who enters into or effectuates a viatical settlement contract. 40 Viatical Settlement Purchaser Anyone who gives a sum of money a consideration for a life insurance policy or interest in the death benefits of a life insurance policy; a person who owns, acquires or is entitled to a beneficial interest in a trust A. someone who represents the viator and negatiates the terms of a viatical settlement contract B. someone who gives money as consideration for a life insurance policy C. someone who sells his or her life insurance policy in order to pay medical bills D. someone who procures viatical settlement applications on behalf of a viatical settlement (18) "Viatical settlement provider" means a person, other than a viator, who enters into or effectuates a viatical settlement contract. (A) A bank, savings bank, savings and loan association, credit union or other licensed lending institution that takes an assignment of a life insurance policy as collateral for a loan; (12) “Viatical settlement contract” means a written agreement entered into between a viatical settlement provider, or its related provider trust, and a viator. The viatical settlement contract includes an agreement to transfer ownership or change the beneficiary designation of a life insurance policy at a later date, Viatical settlement provider means a person, other than a viator, that enters into or effectuates a viatical settlement contract. Viatical settlement provider does not include: (i) a bank, savings bank, savings and loan association, credit union, or other licensed lending institution that takes A viatical settlement contract would not include a policy loan or accelerated death benefits made by the insurer according to the policy terms. Viatical Settlement Provider A viatical settlement provider is a person, other than the viator, that enters into or effectuates a viatical settlement contract with a viator. "Viatical settlement provider" means a person, other than a viator, that enters into or effectuates a viatical settlement contract. Viatical settlement provider does not include: (i) a bank, savings bank, savings and loan association, credit union, or other licensed lending institution that takes an assignment of a life insurance policy as
5 Dec 2019 providers to finance the acquisition of viatical settlement contracts. b. or effectuates a viatical settlement contract with a viator resident in this
(a) The purpose of this rule is to effectuate IC 27-8-19.8 by establishing (1) viatical settlement contracts advertised, solicited, negotiated, or executed in Indiana (gg) In the solicitation, offer, effectuation, or sale of a viatical settlement contract, insurance policy, or viatical settlement purchase agreement;. (hh) The issuance 5 Dec 2019 providers to finance the acquisition of viatical settlement contracts. b. or effectuates a viatical settlement contract with a viator resident in this settlement options and guaranteed interest contracts with cash settlement viator, that enters into or effectuates a viatical settlement contract on residents of this 23 Apr 2015 (c) Viatical settlement contract forms, viator and insured disclosure to the effectuation of the viatical settlement contract and arising out of it;. 6 days ago Viatical settlement definition is - an agreement by which the owner of a life insurance policy that covers a person (such as the owner) who has a
(12) “Viatical settlement contract” means a written agreement entered into between a viatical settlement provider, or its related provider trust, and a viator. The viatical settlement contract includes an agreement to transfer ownership or change the beneficiary designation of a life insurance policy at a later date,
A person who owns, acquires or is entitled to a beneficial interest in a trust that owns a viatical settlement contract or is the beneficiary of a life insurance policy that has been or will be the subject of a viatical settlement contract, for the purpose of deriving an economic benefit. “Viator” means the owner of a policy, or certificate holder under a group policy, who enters or seeks to enter a viatical settlement contract. A viator shall not be limited to an owner of a life insurance policy or a certificate holder with a terminal or chronic illness or condition except where specifically addressed. "Viaticated policy" means a life insurance policy or certificate that has been acquired by a viatical settlement provider pursuant to a viatical settlement contract. "Viator" means the owner of a life insurance policy or a certificate holder under a group policy who enters or seeks to enter into a viatical settlement contract.
11 Feb 2018 The amount that is paid to the beneficiary of a life insurance contract that is separate from the original death benefit. more · Life Settlement. A life
In the solicitation, offer, effectuation or sale of a viatical settlement contract, A natural person who enters into or effectuates no more than one agreement in a (VII) In the solicitation, offer, effectuation or sale of a viatical settlement contract or insurance policy;. (VIII) The issuance of written evidence of viatical settlement (v) payments and changes in ownership or beneficiary made in accordance with the terms of a viatical settlement contract or life insurance policy; G. The solicitation, offer, effectuation, or sale of a viatical settlement contract or other than a viator, that enters into or effectuates a viatical settlement contract effectuates a viatical settlement contract. Viatical settlement provider does not include: (1) A bank, savings bank, savings and loan association, credit union or
(11) “Viatical settlement broker” means a person who, on behalf of a viator and for a fee, commission, or other valuable consideration, offers or attempts to negotiate viatical settlement contracts between a viator resident in this state and one or more viatical settlement providers. Notwithstanding the manner in which the viatical
(v) payments and changes in ownership or beneficiary made in accordance with the terms of a viatical settlement contract or life insurance policy; G. The solicitation, offer, effectuation, or sale of a viatical settlement contract or other than a viator, that enters into or effectuates a viatical settlement contract
A. someone who represents the viator and negatiates the terms of a viatical settlement contract B. someone who gives money as consideration for a life insurance policy C. someone who sells his or her life insurance policy in order to pay medical bills D. someone who procures viatical settlement applications on behalf of a viatical settlement (18) "Viatical settlement provider" means a person, other than a viator, who enters into or effectuates a viatical settlement contract. (A) A bank, savings bank, savings and loan association, credit union or other licensed lending institution that takes an assignment of a life insurance policy as collateral for a loan; (12) “Viatical settlement contract” means a written agreement entered into between a viatical settlement provider, or its related provider trust, and a viator. The viatical settlement contract includes an agreement to transfer ownership or change the beneficiary designation of a life insurance policy at a later date, Viatical settlement provider means a person, other than a viator, that enters into or effectuates a viatical settlement contract. Viatical settlement provider does not include: (i) a bank, savings bank, savings and loan association, credit union, or other licensed lending institution that takes