760 Ind. Admin. Code 1-61-1

Current through December 12, 2024

Section 760 IAC 1-61-1 - Purpose and scope

Authority: IC 27-8-19.8-25; IC 27-8-19.8-26

Affected: IC 27-8-19.8-17

Sec. 1.

(a) The purpose of this rule is to effectuate IC 27-8-19.8 by establishing minimum standards and disclosure requirements to be met by viatical settlement providers with respect to:

(1) viatical settlement contracts advertised, solicited, negotiated, or executed in Indiana; and

(2) licensing requirements for viatical settlement providers, brokers, and agents.

(b) Except as otherwise specifically provided, this rule applies to the following:

(1) Every person acting as a viatical settlement agent, broker, and provider as defined in IC 27-8-19.8-4.3, IC 27-8-19.8-4.5, and IC 27-8-19.8-5, respectively, on or after January 1, 1999.

(2) Every viatical settlement contract advertised, solicited, negotiated, or executed in Indiana on or after January 1, 1999.

760 IAC 1-61-1

Department of Insurance; 760 IAC 1-61-1; filed Oct 20, 1999, 10:23 a.m.: 23 IR 577; readopted filed Nov 7, 2005, 10:50 a.m.: 29 IR 896; readopted filed Nov 29, 2011, 9:14 a.m.: 20111228-IR-760110553RFA

Readopted filed 11/6/2017, 1:06 p.m.: 20171206-IR-760170354RFA

Readopted filed 11/13/2023, 10:12 a.m.: 20231213-IR-760230631RFA