Standards for Evaluation of Reasonable Payments

Standards for Evaluation of Reasonable Payments In order to assure that viators receive a reasonable return for viaticating an insurance policy, the following shall be minimum discounts: Minimum Percentage of Face Value Less Outstanding Loans Insured’s Life Expectancy Received by Viator Less than 6 months 80% At least 6 but less than 12 months 70% At least 12 but less than 18 months 65% At least 18 but less than 24 months 60% At least 24 but less than 30 months 55% At least 30 but less than 42 months 50% The percentage may be reduced by five percent (5%) for viaticating a policy written by an insurer rated less than the highest [4] categories by A.M. Best, or a comparable ratingby another agency.