(1) A licensed viatical settlement provider may not use any person to perform the functions of a viatical settlement broker as defined in this act unless such person holds a current, valid life agent license and has appointed himself or herself in conformance with this chapter.
(2) A viatical settlement broker may not use any person to perform the functions of a viatical settlement provider as defined in this act unless such person holds a current, valid license as a viatical settlement provider.
(3) A person may not operate as a life expectancy provider unless such person is registered as a life expectancy provider pursuant to this act.
(4) A viatical settlement provider, viatical settlement broker, or any other person in the business of viatical settlements may not obtain life expectancies from a person who is not registered as a life expectancy provider pursuant to this act.
History.—s. 11, ch. 96-336; s. 4, ch. 99-212; s. 41, ch. 2002-206; s. 21, ch. 2005-237; s. 146, ch. 2020-2.
Structure Florida Statutes
Chapter 626 - Insurance Field Representatives and Operations
Part X - Viatical Settlements (Ss. 626.991-626.99295)
626.9912 - Viatical settlement provider license required; application for license.
626.9913 - Viatical settlement provider license continuance; annual report; fees; deposit.
626.9916 - Viatical settlement broker license required.
626.99175 - Life expectancy providers; registration required; denial, suspension, revocation.
626.99181 - Viatical settlement broker’s compensation.
626.9919 - Notice of change of licensee or registrant’s address or name.
626.9921 - Filing of forms; required procedures; approval.
626.9923 - Viatical settlement contracts; required disclosures.
626.9924 - Viatical settlement contracts; procedures; rescission.
626.99245 - Conflict of regulation of viaticals.
626.9926 - Rate regulation not authorized.
626.9927 - Unfair trade practices; cease and desist; injunctions; civil remedy.
626.99272 - Cease and desist orders and fines.
626.99275 - Prohibited practices; penalties.
626.99278 - Viatical provider anti-fraud plan.
626.99285 - Applicability of insurance code.
626.99287 - Contestability of viaticated policies.
626.99289 - Void and unenforceable contracts, agreements, arrangements, and transactions.
626.99291 - Contestability of life insurance policies.