Effective: September 11, 2008
Latest Legislation: House Bill 404 - 127th General Assembly
Any corporation, partnership, or other business that is licensed as a viatical settlement broker shall maintain at least one designated individual who is individually licensed as a viatical settlement broker to be responsible for the licensee's compliance with this chapter.
Structure Ohio Revised Code
Chapter 3916 | Viatical Settlements Model Act
Section 3916.01 | Viatical Settlements Model Act Definitions.
Section 3916.02 | Viatical Settlement Provider or Broker License.
Section 3916.03 | Application for License - Issuance, Renewal - New or Revised Information.
Section 3916.031 | Licensed Broker Business to Maintain Licensed Individual.
Section 3916.04 | Broker Deemed to Represent Viator - Fiduciary Duty.
Section 3916.05 | Forms to Be Approved by Superintendent - Fees.
Section 3916.06 | Required Disclosures With Application.
Section 3916.07 | Viatical Settlement Provider - Duties - Confidentiality of Medical Information.
Section 3916.08 | Right to Rescind Contract After Receipt of Proceeds.
Section 3916.09 | Independent Escrow Agent.
Section 3916.10 | Limiting Contact With Insured After Settlement Has Occurred.
Section 3916.11 | Records - Examinations.
Section 3916.12 | Annual Statement - Financial Statements.
Section 3916.13 | Permitted Disclosures.
Section 3916.14 | Examination by Superintendent.
Section 3916.15 | Prohibitions.
Section 3916.17 | Advertising of Viatical Settlement Contracts.
Section 3916.171 | Fraudulent Viatical Settlement Acts Prohibited.
Section 3916.172 | Transactions in Furtherance of Stranger-Originated Insurance Void.
Section 3916.173 | Trusts to Give Appearance of Insurable Interest Illegal.
Section 3916.18 | Prohibiting Fraudulent Acts.
Section 3916.19 | Injunctions.