A life settlement provider shall guarantee that the net proceeds from the life settlement exceed the benefits available at the time of the life settlement under the terms of the policy including cash surrender, long-term care, and accelerated death benefits.

KEY: insurance, life settlement

Date of Last Change: July 25, 2023

Notice of Continuation: May 1, 2023

Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-36-119