Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 931 - VIATICAL AND LIFE SETTLEMENTS
Section 031-931-2 - Purpose

The purposes of this rule are to set forth standards and procedures for the viatication of life insurance policies through viatical and life settlements, to establish and maintain standards for reasonableness of payments to viators in the case of viatical settlements, to provide for procedures for disclosure of the identity of the viator or the insured, and to establish licensing requirements and standards of conduct for viatical and life settlement providers and producers.