508E.5 Approval of viatical settlement contracts and disclosure statements.
A person shall not use a viatical settlement contract form or provide to a viator a disclosure statement form in this state unless first filed with and approved by the commissioner. The commissioner shall disapprove a viatical settlement contract form or disclosure statement form if, in the commissioner’s opinion, the contract or provisions contained therein fail to meet the requirements of sections 508E.8, 508E.10, 508E.14, and 508E.15, subsection 2, or are unreasonable, contrary to the interests of the public, or otherwise misleading or unfair to the viator. At the commissioner’s discretion, the commissioner may require the submission of advertising material. The commissioner’s approval of any of the materials shall not be a defense or otherwise preclude a civil action for fraud.
2008 Acts, ch 1155, §5
Structure Iowa Code
Chapter 508E - VIATICAL SETTLEMENT CONTRACTS
Section 508E.1A - Authority of the commissioner.
Section 508E.3 - License requirements.
Section 508E.3A - Immunity from liability.
Section 508E.4 - License revocation and denial.
Section 508E.5 - Approval of viatical settlement contracts and disclosure statements.
Section 508E.6 - Reporting requirements and privacy.
Section 508E.7 - Examination or investigations.
Section 508E.8 - Disclosure to viator.
Section 508E.9 - Disclosure to insurer.
Section 508E.10 - General rules.
Section 508E.11 - Prohibited practices.
Section 508E.12 - Permitted practices.
Section 508E.13 - Prohibited practices and conflicts of interest.
Section 508E.14 - Advertising for viatical settlements.
Section 508E.15 - Fraud prevention and control.
Section 508E.16 - Injunctions — civil remedies — cease and desist orders — civil penalty.
Section 508E.17 - Unfair trade practices.
Section 508E.18 - Criminal penalties.