Indiana Code 27-8-19.8-24.9. Contacts with insured for purpose of determining health status
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Sec. 24.9. (a) The viatical settlement provider or viatical settlement broker may contact the insured for the purpose of determining the health status of the insured not more than:
(2) one (1) time every month for an insured with a life expectancy of not more than one (1) year.
(1) one (1) time every three (3) months for an insured with a life expectancy of more than one (1) year; or
Terms Used In Indiana Code 27-8-19.8-24.9
- 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
- Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
- 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 broker: means a person that represents a viator and for a fee, commission, or other valuable consideration, solicits, offers, or attempts to negotiate viatical settlements between a viator and one (1) or more viatical settlement providers. See Indiana Code 27-8-19.8-4.5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(b) Contacts made with an insured under subsection (a) must be made by mail unless the parties agree to another method of contact.
As added by P.L.32-1998, SEC.28.