Scope of Viatical Settlement Investment Contract Requirements

Scope of Viatical Settlement Investment Contract Requirements. A. The provisions of this Chapter set out the regulatory standards for the exemption of viatical settlement investment contracts from the registration requirement of the Act, renewal of the exemption from registration, effective dates, and related matters for viatical settlement investment contracts and issuers. B. Nothing in this Chapter shall: 1. Provide an exemption from the fraud provisions of the Act; 2. Relieve broker-dealers or agents from compliance with the Act; or 3. Prohibit an issuer from using the registration procedures in the Act or from claiming an exemption available under the Act.