Article 12.9. Life Settlements | Midpage

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California Code of Regulations

Chapter 5. Insurance Commissioner

Subchapter 3. Insurers

Article 12.9. Life Settlements

Article 12.9. Life Settlements

State of California

2548.1Authority and Purpose.2548.2Definitions.2548.3Licensing of Provider.2548.4Grandfathered Viatical Settlement Providers.2548.5Sale of Shares or Change in Control of Provider.2548.6Provider Escrow Requirements.2548.7Revocation of License; Denial of Application.2548.8Retained Rights and Interests.2548.9Licensing of Broker; Life Insurance Producer Notification of Brokering Life Settlements.2548.10Provider and Broker Form Filing Requirements.2548.11Provider and Broker Records Retention Requirements.2548.12Disclosures Required at the Time of Application.2548.13Disclosures Required Prior to Execution of Contract.2548.14Provider's Obligation to Notify Insured of Sale of Policy.2548.15Provider Annual Statement.2548.16Verification of Coverage Form.2548.17Life Settlement Provider Application.2548.18Application for Life Settlement Broker's License.2548.19Required Fingerprinting for Life Settlement Provider's and Broker's License Applicants.2548.20Life Producer Notification of Brokering Life Settlements.2548.21Notification/License Terms.2548.22Fees.2548.23Business Entity Application.2548.24Business Entity Application Form.2548.25Business Entity Endorsement Form.2548.26Business Entity Endorsement Termination.2548.27Life Settlement Licensee Form Filings.2548.28Life Settlement Licensee Disclosure to Life Settlement Applicant.2548.29Life Settlement Broker Disclosure to Owner and Insured.2548.30Life Settlement Provider Disclosure to Owner.2548.31Life Settlement Provider Annual Statement.2548.32Verification of Coverage for Life Insurance Policies.