Indiana Code 27-8-19.8-10. Application and fee for license
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Sec. 10. (a) An applicant must do the following to obtain a license as a viatical settlement provider:
(2) Provide information required by the department.
(1) Apply for the license on forms prescribed by the department.
Terms Used In Indiana Code 27-8-19.8-10
- applicant: refers to a person that applies for a viatical settlement provider license under this chapter. See Indiana Code 27-8-19.8-1
- department: refers to the department of insurance. See Indiana Code 27-8-19.8-2
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- viatical settlement provider: means a person, other than a viator, that:
Indiana Code 27-8-19.8-5
(3) Pay the license fee.
(b) The application must include the name of each officer, member, or employee of the applicant who will be authorized by the applicant to act as a viatical settlement provider under the license if issued to the applicant.
(c) The department shall adopt rules under IC 4-22-2 to set the licensing fee required by this section.
As added by P.L.130-1994, SEC.47 and P.L.116-1994, SEC.70. Amended by P.L.32-1998, SEC.14.