N.M. Admin. Code § 13.9.15.15

Current through Register Vol. 35, No. 24, December 23, 2024

Section 13.9.15.15 - DISCLOSURE DOCUMENTS

A. A viatical settlement provider or broker shall provide a disclosure document containing the disclosures required in NMSA 1978 Section 59A-20A-8 and this section before or concurrent with taking an application for a viatical settlement contract.

B. The disclosure document shall contain the following language: "All medical, financial, personal, or patient identifying information solicited or obtained by a viatical settlement company or viatical settlement broker about a viator and insured, including the viator and insured's identity or the identity of family members, a spouse or a significant other, is confidential." The disclosure document shall advise the viator and the insured that such information may be provided to financing entities, including individual and institutional purchasers.

C. A viatical settlement provider or broker shall provide a copy of Appendix A, set forth in 13.9.15.18 NMAC, before or concurrent with taking an application for a viatical settlement contract.

N.M. Admin. Code § 13.9.15.15

13.9.15.15 NMAC - N, 7-1-00