Viatical settlement purchase agreement definition

Viatical settlement purchase agreement means a contract or agreement, entered into by a viatical settlement purchaser, to which the viator is not a party, to purchase a life insurance policy or an interest in a life insurance policy that is entered into for the purpose of deriving an economic benefit.
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Viatical settlement purchase agreement means a contract or agreement, entered
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Viatical settlement purchase agreement means a contract or agree- ment, entered into by a viatical settlement purchaser, to which the viator is not a party, to purchase a life insurance policy or an interest in a life insurance policy, which is entered into for the purpose of deriving an eco- nomic benefit. The term also includes purchases made by viatical settlement purchasers from any person other than the provider who effectuated the viatical settlement contract.
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More Definitions of Viatical settlement purchase agreement

Viatical settlement purchase agreement means a contract or agreement, entered into by a viatical settlement purchaser, to which the viator is not a party, to purchase a life insurance policy or an interest in a life insurance policy, that is entered into for the purpose of deriving an economic benefit. A viatical settlement purchase agreement is a viatical settlement contract as defined in section 10-04-02.
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Viatical settlement purchase agreement means a contract or
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Viatical settlement purchase agreement means a 608 contract or agreement, entered into by a viatical settlement 609 purchaser, to which the viator is not a party, to purchase a
Sample 1
Viatical settlement purchase agreement means a contract
Sample 1
Viatical settlement purchase agreement means a contract or agree- ment, entered into by a viatical settlement purchaser, to which the viator
Sample 1
Viatical settlement purchase agreement means a contract or agreement, entered into by a viatical
Sample 1

Related to Viatical settlement purchase agreement

  • Viatical settlement contract or “contract” means a written agreement entered into between a provider and a viator in which the provider will pay consideration that is less than the expected death benefit of the viator's policy in return for the viator's assignment, transfer, sale, devise, or bequest of the death benefit or ownership of the policy to the provider.

  • Series B Purchase Agreement has the meaning set forth in the Recitals.

  • Rental-purchase agreement means an agreement for the use of personal property by a lessee primarily for personal, family, or household purposes, for an initial period of 4 months or less that is automatically renewable with each payment after the initial period and that permits the lessee to become the owner of the property. Rental-purchase agreements shall not include any of the following:

  • Viatical settlement broker means a person, including a life insurance producer as provided for in section 508E.3, who, working exclusively on behalf of a viator and for a fee, commission, or other valuable consideration, offers or attempts to negotiate viatical settlement contracts between a viator and one or more viatical settlement providers or one or more viatical settlement brokers. Notwithstanding the manner in which the viatical settlement broker is compensated, a viatical settlement broker is deemed to represent only the viator, and not the insurer or the viatical settlement provider, and owes a fiduciary duty to the viator to act according to the viator’s instructions and in the best interest of the viator. “Viatical settlement broker” does not include an attorney, certified public accountant, or a financial planner accredited by a nationally recognized accreditation agency who is retained to represent the viator and whose compensation is not paid directly or indirectly by the viatical settlement provider or purchaser.

  • Purchase Agreement shall have the meaning set forth in the preamble.