A viatical settlement provider and viatical settlement broker transacting business in this state on or before September 1, 2001, may continue to do so pending approval or disapproval of the provider’s or broker’s application for a license as long as the application is filed with the director by July 1, 2002.

Terms Used In Nebraska Statutes 44-1116

  • Director: shall mean the Director of Insurance. See Nebraska Statutes 44-103
  • 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.
  • State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801