Indiana Code 27-8-19.8-17. Annual reports
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Sec. 17. (a) A viatical settlement provider shall file with the department an annual report containing information prescribed in rules adopted by the department under IC 4-22-2.
(c) A viatical settlement provider shall maintain records of each viatical settlement at least five (5) years after the death of the insured.
(b) The rules adopted by the department under subsection (a) shall set the date by which annual reports must be submitted.
Terms Used In Indiana Code 27-8-19.8-17
- department: refers to the department of insurance. See Indiana Code 27-8-19.8-2
- insured: refers to an individual whose life is the subject of insurance under a life insurance policy or contract. See Indiana Code 27-8-19.8-3
- 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
As added by P.L.130-1994, SEC.47 and P.L.116-1994, SEC.70. Amended by P.L.32-1998, SEC.19.