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Viatical Settlement Glossary: Find All The Information Here

Viatical Settlement: A viatical settlement is a transaction where someone who is terminally or chronically ill sells their life insurance policy to a third party in exchange for receiving a lump sum of cash. The buyer agrees to pay the premiums and will receive the death benefit when the policyholder passes away.

Nebraska Legislature

44-1103. License requirements; fee. (1)(a) A person shall not operate as a viatical settlement provider or viatical settlement broker without first obtaining a license from the director or the chief insurance regulatory official of the state of residence of the viator.

SOUTHERN DISTRICT OF FLORIDA Case No. 99-8125-Cr …

(a) while over $117 million in investor funds were transferred to Financial Federated for the primary purpose of purchasing insurance policies, less than $6 million was actually

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Viatical

viatical: 1 adj pertaining to the purchase of insurance policies from terminally ill policy holders " viatical business" " viatical companies" "National Viatical Association"

Nebraska Legislature

Terms, defined. (1) Advertising means any written, electronic, or printed communication or any communication by means of recorded telephone messages or transmitted on radio, television, the Internet, or similar communications media, including film strips, motion pictures, and videos, published, disseminated, circulated, or placed directly ...

STATE OF TENNESSEE DEPARTMENT OF COMMERCE …

DEPARTMENT OF COMMERCE AND INSURANCE Insurance Division – Agent Licensing 500 James Robertson Parkway Nashville, TN 37243-1134

Title 210 – NEBRASKA DEPARTMENT OF INSURANCE …

Neb. Rev. Stat. § 44-1103(1) shall be exempt from the requirements of section 003.04. (003.04C) Each continuing education biennium shall begin at the end of the

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Statutes & Constitution :View Statutes : Online Sunshine

Suspension, revocation, denial, or nonrenewal of viatical settlement provider license; grounds; administrative fine. 626.9915. Effect of suspension or revocation of viatical settlement provider license; duration of suspension; reinstatement. 626.9916. Viatical settlement broker license required. 626.99175.

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Title 210 – NEBRASKA DEPARTMENT OF INSURANCE …

an insurer authorized to issue surety bonds in this state in the amount of $250,000; or (003.05B) For viatical settlement providers, evidence of financial

Viatical Settlement of Life Insurance | Money

What is a viatical settlement? This is a type of life settlement, the term used to describe the sale to a third party of a whole, universal or convertible term life insurance policy. The sales process for a viatical settlement is structured the same way as a life settlement — the policyholder gets a lump sum in exchange for the buyer taking over …

Viatical Settlements | Investor.gov

Viatical Settlements. A viatical settlement allows you to invest in another person's life insurance policy. With a viatical settlement, you purchase the policy (or part of it) at a price that is less than the death benefit of the policy. When the seller dies, you collect the death benefit. Your return depends upon the seller's life expectancy ...

Nebraska Legislature

The disclosures shall be conspicuously displayed in the viatical settlement contract or in a separate document signed by the viator and provide the following information: (a) The affiliation, if any, between the viatical settlement provider and the issuer of the insurance policy to be viaticated; (b) The name, business address, and telephone ...

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Viatical Definition & Meaning | Dictionary

Viatical definition, of or relating to a viaticum. See more.

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Investigating Insurance Fraud — FBI

January 31, 2012. Investigating Insurance Fraud. A $30-Billion-a-Year Racket. Putting the brakes on major white-collar frauds of all kinds is one of our most important responsibilities, and there ...

Universal Settlements Int'l, Inc. v. Nat'l Viatical, Inc.

II. ANALYSIS A. Breach of Confidentiality. We review the grant of summary judgment de novo. Cont'l Ins. Co. v. Adams, 438 F.3d 538, 540 (6th Cir. 2006). Summary judgment is required where "there is no genuine dispute as to any material fact and the movant is entitled to judgment as a matter of law."

Viatical

vi·at·i·cal. (vī-ăt′ĭ-kəl) adj. 1. or vi·at·ic (vī-ăt′ĭk) Of or relating to traveling, a road, or a way. 2. Of or relating to a contractual arrangement in which a business buys life insurance policies from terminally ill patients for a percentage of the face value: a viatical settlement. [From Latin viāticus, relating to a ...