Fiduciary Duties of Viatical Settlement Brokers

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Sec. 8.7. A viatical settlement broker:

(1) represents only the viator; and

(2) owes a fiduciary duty to the viator to act according to the viator's instructions and in the best interest of the viator;

regardless of the manner in which the viatical settlement broker is compensated.

As added by P.L.32-1998, SEC.12.


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