Conn. Gen. Stat. § 38a-465o

Current with legislation from the 2024 Regular and Special Sessions.

Section 38a-465o - Life settlement broker deemed to represent only the owner. Fiduciary duty to owner

Notwithstanding the manner in which the life settlement broker is compensated, a life settlement broker is deemed to represent only the owner and owes a fiduciary duty to the owner to act according to the owner's instructions and in the best interest of the owner.

Conn. Gen. Stat. § 38a-465o

( P.A. 03-152, S. 13; P.A. 08-175, S. 16.)