40-5005. Same; approval of forms. No person shall use a viatical settlement contract or provide to a viator a disclosure statement form in this state unless 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 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 to the commissioner.
History: L. 2002, ch. 158, ยง 5; May 23.
Structure Kansas Statutes
Article 50 - Viatical Settlements
40-5001 Viatical settlements act of 2002; citation.
40-5003 Same; license applications, renewal, fee, information required, powers of commissioner.
40-5005 Same; approval of forms.
40-5006 Same; annual statements of licensee; identity of viator confidential; exceptions.
40-5007a Same; examinations; record keeping requirements; powers of commissioner.
40-5008 Same; required disclosures.
40-5010 Same; two year prohibition on entering into viatical settlement; exceptions.
40-5011 Same; requirements on advertising.
40-5014 Same; violation of act also unfair or deceptive trade practice.
40-5015 Same; rules and regulations.
40-5016 Same; continuation of preexisting viatical settlement business.