Appointment Requirements for Viatical Settlement Representatives

Appointment Requirements for Viatical Settlement Representatives A viatical settlement representative, as defined in Miss. Code Ann. § 83-7-203(2) shallnot solicit a viatical settlement contract without first obtaining an appointment from a licensed viatical settlement provider or licensed viatical settlement broker. A. The appointment shall be made on a form required by the Commissioner. B. The appointment shall be accompanied by a fee of ten dollars ($10.00). The appointment may be renewed yearly by payment of a fee of ten dollars ($10.00). Failure to pay the renewal fee within the prescribed time may result in automatic expiration of the appointment. C. If the appointment is revoked by either party, the appointing viatical settlement provider or viatical settlement broker shall notify the Commissioner of the revocation within thirty (30) days.