Contacts With Insured for Purpose of Determining Health Status

Checkout our iOS App for a better way to browser and research.

Sec. 24.9. (a) The viatical settlement provider or viatical settlement broker may contact the insured for the purpose of determining the health status of the insured not more than:

(1) one (1) time every three (3) months for an insured with a life expectancy of more than one (1) year; or

(2) one (1) time every month for an insured with a life expectancy of not more than one (1) year.

(b) Contacts made with an insured under subsection (a) must be made by mail unless the parties agree to another method of contact.

As added by P.L.32-1998, SEC.28.


Download our app to see the most-to-date content.