Code of Virginia - Title 38.2 Insurance - Chapter 60 Viatical Settlements Act

38.2-6000 Definitions
As used in this chapter: "Advertising" means any written, electronic, or printed communication or any communication by means of recorded telephone messages or transmitted on ...

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 ...

38.2-6002 Viatical settlement providers, license requirements
A. No person shall act as a viatical settlement provider with a resident of this Commonwealth without first obtaining a license from the Commission. 1. ...

38.2-6003 Approval of viatical settlement contracts and disclosure statements
A. A person shall not use a viatical settlement contract or provide to a viator a disclosure statement form in this Commonwealth unless filed with ...

38.2-6004 Reporting requirements
A. Each licensee under this chapter shall file with the Commission on or before March 1 of each year the certification required by subsection E ...

38.2-6005 Privacy
Except as otherwise allowed or required by law, a viatical settlement provider, viatical settlement broker, insurance company, insurance producer, information bureau, rating agency or company, ...

38.2-6006 Examinations; record retention; investigations
A. Viatical settlement providers, viatical settlement brokers, and persons seeking a license under this title to transact the business of viatical settlements in this Commonwealth ...

38.2-6007 Disclosure
A. Before asking a viator or insured to sign any document, a licensee under this chapter shall provide the respective viator or insured, or both, ...

38.2-6008 General rules
A. A viatical settlement provider entering into a viatical settlement contract shall: 1. First obtain: a. If the viator is the insured, a written statement ...

38.2-6009 Prohibited practices
A. It is a violation of this chapter for any person to enter into a viatical settlement contract within a two-year period commencing with the ...

38.2-6010 Advertising for viatical settlements
A. This section shall apply to any advertising of viatical settlement contracts, or related products or services intended for dissemination in this Commonwealth, including Internet ...

38.2-6011 Fraud prevention and control
A. A person shall not commit a fraudulent viatical settlement act. A person shall not knowingly or intentionally interfere with the enforcement of the provisions ...

38.2-6012 Civil remedies
A. Any person damaged by the acts of a person in violation of this chapter may bring a civil action against the person committing the ...

38.2-6013 Unfair trade practices
A violation of this chapter shall be considered an unfair trade practice under Chapter 5 (§ 38.2-500 et seq.) of this title and subject to ...

38.2-6014 Commission authority
Pursuant to the authority granted by § 38.2-223, the Commission may promulgate such rules and regulations as it may deem necessary to implement this chapter, ...

38.2-6015 Immunity from liability
A. No cause of action shall arise nor shall any liability be imposed against the Commission, the Commissioner of Insurance, or any of the Commission's ...

38.2-6016 Applicability of securities laws
Nothing in this chapter shall preempt or otherwise limit the provisions of the Virginia Securities Act (§ 13.1-501 et seq.), or any regulations, notices, bulletins ...