Revised Code of Washington - RCW Title 48 Insurance - Chapter 48.102 Viatical Settlements

48.102.005 Definitions
Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter. (1) "Person" means the same as defined in RCW 48.01.070. ...
48.102.010 License required for providers and brokers -- Application -- Requirements -- Fee -- Rules
(1) On or after July 23, 1995, an individual, partnership, corporation, or other entity may not act as a viatical settlement provider or enter into ...
48.102.015 Commissioner may suspend, revoke, or refuse to issue or renew license -- Information requirements -- Hearing -- Fine
(1) The commissioner may suspend, revoke, or refuse to issue or renew the license of any viatical settlement broker or viatical settlement provider if the ...
48.102.020 Commissioner approval required for contract form, rate, fee, commission, or other compensation charged -- Finding necessary for disapproval
After a date established by rule, no viatical settlement provider or viatical settlement broker may use any viatical settlement contract or brokerage contract in this ...
48.102.025 Licensee must file annual statement
Each holder of any license issued under this chapter shall file with the commissioner, on or before March 1 of each year, an annual statement ...
48.102.030 Examination of business and affairs of applicant or licensee -- Production of information -- Expenses -- Confidentiality of information -- Recordkeeping requirements
(1) The commissioner may examine the business and affairs of any applicant for or holder of any license issued under this chapter. The commissioner may ...
48.102.035 Requirement to provide information to the viator
A viatical settlement provider shall disclose, in writing, the following information to the viator no later than the date when the viatical settlement contract is ...
48.102.040 Requirement for provider to obtain information -- Medical information is confidential -- Rescission rights -- Time is of the essence
(1) A viatical settlement provider entering into a viatical settlement contract with a viator shall first obtain the following: (a) A written and signed statement ...
48.102.045 Must be licensed -- Transfer to unlicensed entity is void -- Rights in policy restored to viator -- Exceptions allowed by rule
(1) A viatical settlement provider shall not directly or indirectly assign, transfer, sell, resell, or transfer by gift or bequest, or otherwise convey any insurance ...
48.102.050 Rules as necessary to implement chapter
The commissioner may adopt rules as necessary to implement this chapter. This includes, but is not limited to, the adoption of rules regarding minimum capital ...
48.102.055 Consumer protection act applies -- Civil action -- Damages -- Costs -- Attorneys' fees
(1) The legislature finds that the subject of viatical settlements is of vital importance to the public interest for the purpose of applying the consumer ...
48.102.900 Short title -- 1995 c 161
This act may be known and cited as the viatical settlements act.[1995 c 161 § 12.] ...
48.102.901 Application of chapter 21.20 RCW -- 1995 c 161
The provisions of this chapter do not affect the application of chapter 21.20 RCW.[1995 c 161 § 13.] ...

Last modified: April 7, 2009