Viatical Settlement, Life Settlement and Senior Settlement Provider information

"(6) "Viatical settlement provider" means a person who, in this state, from this state, or with a resident of this state, effectuates a viatical settlement contract. The term does not include:

(a) Any bank, savings bank, savings and loan association, credit union, or other licensed lending institution that takes an assignment of a life insurance policy as collateral for a loan;

(b) A life and health insurer that has lawfully issued a life insurance policy that provides accelerated benefits to terminally ill policyholders or certificate holders; or

(c) Any natural person who enters into no more than one viatical settlement contract with a viator in 1 calendar year, unless such natural person has previously been licensed under this act or is currently licensed under this act.

(d) A trust that meets the definition of a "related provider trust."

(e) A viator in this state.

(f) A viatical settlement purchaser.

(g) A financing entity."

The 2000 Florida Statutes:

Insurance, Title XXXVII Chapter 26 § 626.9911 Definitions

Florida Viatical Provider

Florida Viatical Broker License

Viatical Settlement and Senior Life Settlement Information

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