Prior to the initiation of a plan, transaction or series of transactions, a viatical settlement broker or viatical settlement provider shall fully disclose to an insurer a plan, transaction or series of transactions to which the viatical settlement broker or viatical settlement provider is a party, to originate, renew, continue or finance a life insurance policy with the insurer for the purpose of engaging in the business of viatical settlements at anytime prior to or during the first five (5) years after issuance of the policy. The insurer shall not disclose this information to any other viatical settlement provider or viatical settlement broker, including those affiliates of the insurer engaged in viatical settlement activity.
Structure 2021 Tennessee Code
Chapter 50 - Tennessee Viatical Settlement Act of 2009
§ 56-50-101. Scope and Short Title
§ 56-50-102. Chapter Definitions
§ 56-50-105. Approval of Viatical Settlement Contracts and Disclosure Statements
§ 56-50-108. Disclosure to Viator
§ 56-50-109. Disclosure to Insurer
§ 56-50-114. Fraud Prevention and Control