Connecticut Administrative Code
Title 38a - Insurance Department
465 - Viatical Settlements
Section 38a-465-8 - Advertising practices
Universal Citation: CT Reg of State Agencies 38a-465-8
Current through March 14, 2024
(a) Advertising related to the life settlement contract shall be truthful and not misleading by fact or implication.
(b) If the advertiser references the speed with which the settlement will occur, the advertising shall disclose the average time frame from completed application to the date of offer and from acceptance of the offer to receipt of the funds by the owner.
(c) If the advertising references the dollar amounts available to owners, the advertising shall disclose the average purchase price as a percentage of face value obtained by owners contracting with the advertiser during the past six (6) months.
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