19 Miss. Code. R. 2-15.05
Current through December 10, 2024
In order to assure that viators receive a reasonable return for viaticating an insurance policy, the following shall be minimum discounts:
| Insured's Life Expectancy | Minimum Percentage of Face Value Less Outstanding Loans Received by Viator |
| Less than 6 months | 80% |
| At least 6 but less than 12 months | 70% |
| At least 12 but less than 18 months | 65% |
| At least 18 but less than 24 months | 60% |
| At least 24 but less than 30 months | 55% |
| At least 30 but less than 42 months | 50% |
The percentage may be reduced by five percent (5%) for viaticating a policy written by an insurer rated less than the highest [4] categories by A.M. Best, or a comparable ratingby another agency.
19 Miss. Code. R. 2-15.05