PocketLaw | Mississippi Code | Viatical Settlements

Viatical Settlements

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

Section
83-7-201

Short title

Section
83-7-203

Definitions

Section
83-7-205

Viatical settlement providers, representatives and brokers to be licensed by Commissioner of Insurance; licensing requirements

Section
83-7-207

Suspension, revocation, and refusal to renew license; hearing

Section
83-7-209

Settlement application, contract and disclosure statement forms to be filed with and approved by Commissioner of Insurance

Section
83-7-211

Annual statement to be filed with Commissioner; identity of viator not to be disclosed except under certain conditions

Section
83-7-213

Examination of records, books, files and other information; provider to maintain records of each settlement until 5 years after death of insured

Section
83-7-215

Disclosure requirements

Section
83-7-217

Informed consent; confidentiality of medical information; 15-day right to rescind; death of insured within 15-day period deemed rescission; transfer of proceeds of viatical settlement; post-settlement contacts with insured for purpose of determining health status

Section
83-7-219

Authority of Commissioner to adopt rules and regulations

Section
83-7-221

Violations of provisions considered unfair trade practice

Section
83-7-223

Continuation of viatical settlement business pending approval or disapproval of license application filed on or before July 1, 2000