No person shall act as a viatical settlement broker with a resident of this Commonwealth without first obtaining a license from the Commission in accordance with Article 6.1 (§ 38.2-1865.1 et seq.) of Chapter 18 of this title. If there is more than one viator on a single policy, and the viators are residents of different states, the viatical settlement broker shall be required to hold a license in the state in which the viator having the largest percentage resides or, if the viators hold equal ownership, the viatical settlement broker shall be required to hold a license in the state of residence of one viator agreed upon in writing by all the viators.
2003, c. 717.
Structure Code of Virginia
Chapter 60 - Viatical Settlements Act
§ 38.2-6001. Viatical settlement brokers
§ 38.2-6002. Viatical settlement providers, license requirements
§ 38.2-6003. Approval of viatical settlement contracts and disclosure statements
§ 38.2-6004. Reporting requirements
§ 38.2-6006. Examinations; record retention; investigations
§ 38.2-6009. Prohibited practices
§ 38.2-6010. Advertising for viatical settlements
§ 38.2-6011. Fraud prevention and control
§ 38.2-6013. Unfair trade practices
§ 38.2-6014. Commission authority