Collections
Ohio Revised Code

Chapter 3916

Viatical Settlements Model Act

3916.01Viatical settlements model act definitions.3916.02Viatical settlement provider or broker license.3916.03Application for license - issuance, renewal - new or revised information.3916.031Licensed broker business to maintain licensed individual.3916.04Broker deemed to represent viator - fiduciary duty.3916.05Forms to be approved by superintendent - fees.3916.06Required disclosures with application.3916.07Viatical settlement provider - duties - confidentiality of medical information.3916.08Right to rescind contract after receipt of proceeds.3916.09Independent escrow agent.3916.10Limiting contact with insured after settlement has occurred.3916.11Records - examinations.3916.12Annual statement - financial statements.3916.13Permitted disclosures.3916.14Examination by superintendent.3916.15Prohibitions.3916.16Conditions permitting entering into viatical settlement contract within two-year period commencing with date of issuance of insurance policy or certificate.3916.17Advertising of viatical settlement contracts.3916.171Fraudulent viatical settlement acts prohibited.3916.172Transactions in furtherance of stranger-originated insurance void.3916.173Trusts to give appearance of insurable interest illegal.3916.18Prohibiting fraudulent acts.3916.19Injunctions.3916.20Rules.3916.21Prohibition.3916.99Penalty.