Viatical Settlements Model Act | Midpage

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