Sec. 10. (a) An applicant must do the following to obtain a license as a viatical settlement provider:
(1) Apply for the license on forms prescribed by the department.
(2) Provide information required by the department.
(3) Pay the license fee.
(b) The application must include the name of each officer, member, or employee of the applicant who will be authorized by the applicant to act as a viatical settlement provider under the license if issued to the applicant.
(c) The department shall adopt rules under IC 4-22-2 to set the licensing fee required by this section.
As added by P.L.130-1994, SEC.47 and P.L.116-1994, SEC.70. Amended by P.L.32-1998, SEC.14.
Structure Indiana Code
Article 8. Life, Accident, and Health
Chapter 19.8. Viatical Settlements
27-8-19.8-1. "Applicant" Defined
27-8-19.8-2. "Department" Defined
27-8-19.8-3. "Insured" Defined
27-8-19.8-4.3. "Viatical Settlement Agent" Defined
27-8-19.8-4.5. "Viatical Settlement Broker" Defined
27-8-19.8-5. "Viatical Settlement Provider" Defined
27-8-19.8-6. "Viatical Settlement Contract" Defined
27-8-19.8-6.5. "Viaticated Policy" Defined
27-8-19.8-7.8. "Stranger Originated Life Insurance" Defined
27-8-19.8-8.5. Persons Required to Be Licensed as Insurance Producer With Life Qualification
27-8-19.8-8.6. Exemptions From Licensing Requirement
27-8-19.8-8.7. Fiduciary Duties of Viatical Settlement Brokers
27-8-19.8-9. License Required for Viatical Settlement Providers
27-8-19.8-9.2. Insurance Producer Remuneration
27-8-19.8-10. Application and Fee for License
27-8-19.8-11. Investigation of Applicant; Issuance of License
27-8-19.8-12. Refusal to Issue License
27-8-19.8-13. Nonresident Licenses
27-8-19.8-14. Individuals Authorized to Act as Viatical Settlement Benefits Providers
27-8-19.8-15. Expiration and Renewal of License
27-8-19.8-16. Disclosure of Identity of Individuals Associated With Viatical Settlement Providers
27-8-19.8-18. Examination of Viatical Settlement Provider or Applicant
27-8-19.8-19. Suspension, Revocation, or Refusal to Renew License
27-8-19.8-20.1. Stranger Originated Life Insurance; Prohibition
27-8-19.8-21. Required Terms of Viatical Settlement Contract
27-8-19.8-22. Form for Viatical Settlement Contract
27-8-19.8-23. Required Disclosures to Viator; Information to Insured
27-8-19.8-24. Prerequisites to Viatical Settlement Contract
27-8-19.8-24.7. Disclosure of Identity of Viator
27-8-19.8-24.8. Applicability of Ic 16-39 to Release of Insured's Medical Records
27-8-19.8-24.9. Contacts With Insured for Purpose of Determining Health Status