Code of Virginia - Title 38.2 Insurance - Section 38.2-6001 Viatical settlement brokers

§ 38.2-6001. Viatical settlement brokers

No person shall act as a viatical settlement broker with a resident of this Commonwealth without first obtaining a license from the Commission in accordance with Article 6.1 (§ 38.2-1865.1 et seq.) of Chapter 18 of this title. If there is more than one viator on a single policy, and the viators are residents of different states, the viatical settlement broker shall be required to hold a license in the state in which the viator having the largest percentage resides or, if the viators hold equal ownership, the viatical settlement broker shall be required to hold a license in the state of residence of one viator agreed upon in writing by all the viators.

(2003, c. 717.)

Sections:  Previous  38.2-6000  38.2-6001  38.2-6002  38.2-6003  38.2-6004  38.2-6005  38.2-6006  38.2-6007  38.2-6008  38.2-6009  38.2-6010  38.2-6011  38.2-6012  38.2-6013  38.2-6014  Next

Last modified: April 16, 2009