Viatical settlement provider definition

Viatical settlement provider means a person, other than a viator, who enters into or effectuates a viatical settlement contract. Viatical settlement provider does not include:

Viatical settlement provider means a person, other than a

Viatical settlement provider means a person

Examples of Viatical settlement provider in a sentence

• Viatical settlement provider includes a person that obtains financing from a financing entity for the purchase, acquisition, transfer or other assignment of one or more viatical settlement contracts, viaticated policies or interests therein, or otherwise sells, assigns, transfers, pledges, hypothecates or otherwise disposes of one or more viatical settlement contracts, viaticated policies or interests therein.

• Effective Date: 10-05-2001; 2008 HB404 09-11-2008 3916.07 Viatical settlement provider - duties - confidentiality of medical information.

• There are several important concepts you need to understand about viaticals: The insureds are referred to as viators; Viatical settlement provider means a person, other than a viator, that enters into a viatical settlement contract; Viatical producers represent the providers; Viatical brokers represent the insureds.Viators usually receive a percentage of the policy’s face value from the person who purchases the policy.

• Viatical settlement provider" means a person, other than a viator, that enters into or effectuates a viatical settlement contract with a viator resident in this state.

More Definitions of Viatical settlement provider

Viatical settlement provider means a person who,

Viatical settlement provider means an individual, partnership, corporation, or other entity that enters into an agreement with a person owning a life insurance policy or who owns or is covered under a group policy insuring the life of a person who has a catastrophic or life threatening illness or condition, under the terms of which the viatical settlement provider pays compensation or anything of value, which compensation or value is less than the expected death benefit of the insurance policy or certificate, in return for the policyowner's assignment, transfer, sale, devise, or bequest of the death benefit or ownership of the insurance policy or certificate to the viatical settlement provider. Viatical settlement provider does not include:

Viatical settlement provider or "provider" means a person, other than

Viatical settlement provider means a person, other than a viator, who enters into

Viatical settlement provider means a person, other than a viator,

Viatical settlement provider means a person, other than a viator, that enters into or effectuates a viatical settlement contract with a viator resident in this State. "Viatical settlement provider" also means a person that obtains financing from a financing entity for the purchase, acquisition, transfer or other assignment of 1 or more viatical settlement contracts, viaticated policies or interests therein, or otherwise sells, assigns, transfers, pledges, hypothecates or otherwise disposes of 1 or more viatical settlement contracts, viaticated policies or interests therein.

Viatical settlement provider means a person that pays a viatical settlement. The term does not include any of the follow- ing: