760 IAC 1-61-1 Purpose and scope

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.