§ 7509. Disclosure to insurer.
86 words·~1 min read·
/de/title-18/chapter-75-delaware-viatical-settlements-act/7509·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Prior to the initiation of a plan, transaction, or series of transactions, a viatical settlement broker or viatical settlement provider shall fully disclose to an insurer a plan, transaction, or series of transactions, to which the viatical settlement broker or viatical settlement provider is a party, to originate, renew, continue, or finance a life insurance policy with the insurer for the purpose of engaging in the business of viatical settlements at any time prior to, or during the first 5 years after, issuance of the policy.