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 any time prior to, or during the first 5 years after, issuance of the policy.
Structure Delaware Code
Chapter 75. DELAWARE VIATICAL SETTLEMENTS ACT
§ 7503. License and bond requirements.
§ 7504. License revocation and denial.
§ 7505. Approval of viatical settlements contracts and disclosure statements.
§ 7506. Reporting requirements and privacy.
§ 7507. Examination or investigations.
§ 7509. Disclosure to insurer.
§ 7512. Prohibited practices and conflicts of interest.
§ 7513. Advertising for viatical settlements.
§ 7514. Fraud prevention and control.
§ 7515. Injunctions; civil remedies; cease and desist.
§ 7516. Authority to promulgate regulations.
§ 7517. Unfair trade practices.
§ 7518. Nonpreemption of requirements under the Delaware Securities Act.