§6803-A. Fiduciary obligation of settlement producer
Irrespective of the manner in which the settlement producer is compensated, a settlement producer may represent only the interests of the viator and owes a fiduciary duty to the viator. [PL 2009, c. 376, §6 (NEW).]
SECTION HISTORY
PL 2009, c. 376, §6 (NEW).
Structure Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 85: VIATICAL AND LIFE SETTLEMENTS ACT
24-A §6802. Definitions (REPEALED)
24-A §6803. Settlement provider and producer license; license requirements
24-A §6803-A. Fiduciary obligation of settlement producer
24-A §6804. License revocation and administrative assessments
24-A §6805. Approval of settlements contracts; disclosure statements and applications
24-A §6806. Reporting requirements; confidentiality of information
24-A §6807. Examinations and investigations
24-A §6808-A. Contact with insured; additional disclosures
24-A §6809. General provisions for settlement contracts
24-A §6811. Prohibited practices and provisions under policies
24-A §6812. Insurance company practices
24-A §6812-A. Inquiries and optional disclosures by life insurers
24-A §6813. Financing (REPEALED)
24-A §6814. Unfair trade practices
24-A §6815. Assignment or resale of policies
24-A §6815-A. Regulatory requirements under Maine Uniform Securities Act
24-A §6816. Permitted operations before formal approval (REPEALED)
24-A §6817. Advertising of settlements