New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 4 - ACTUARIAL SERVICES
Subchapter 35 - VIATICAL SETTLEMENTS
Section 11:4-35.15 - Advertising standards

Universal Citation: NJ Admin Code 11:4-35.15
Current through Register Vol. 56, No. 6, March 18, 2024

Advertising related to the viatical settlement shall be truthful and not misleading by fact or implication. If the advertiser emphasizes the speed with which the viatication 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 viator. If the advertising emphasizes the dollar amounts available to viators, the advertising shall disclose the average purchase price as a percent of face value obtained by viators contracting with the advertiser during the six months prior to the advertising.

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