Del. Code tit. 18 § 7509

Current through 2024 Legislative Session Act Chapter 531
Section 7509 - Disclosure to insurer

Prior to the initiation of a plan, transaction, or series of transactions, a viatical settlement broker or viatical settlement provider shall fully disclose to an insurer a plan, transaction, or series of transactions, to which the viatical settlement broker or viatical settlement provider is a party, to originate, renew, continue, or finance a life insurance policy with the insurer for the purpose of engaging in the business of viatical settlements at any time prior to, or during the first 5 years after, issuance of the policy.

18 Del. C. § 7509

Added by Laws 2017, ch. 172,s 1, eff. 9/14/2017.