Virginia Administrative Code
Title 14 - INSURANCE
Agency 5 - STATE CORPORATION COMMISSION, BUREAU OF INSURANCE
Chapter 71 - RULES GOVERNING VIATICAL SETTLEMENT PROVIDERS AND VIATICAL SETTLEMENT BROKERS
Section 14VAC5-71-50 - Other requirements for viatical settlement brokers
Universal Citation: 4 VA Admin Code 5-71-50
Current through Register Vol. 41, No. 3, September 23, 2024
A. In the absence of a written agreement making the viatical settlement broker the viator's agent, viatical settlement brokers shall be presumed to be agents of viatical settlement providers.
B. Viatical settlement brokers shall not, without the written agreement of the viator obtained prior to performing any services in connection with a viatical settlement, seek or obtain any compensation from the viator.
Statutory Authority
§§ 12.1-13 and 38.2-223 of the Code of Virginia.
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