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Chapter 431C

30 sections

§431C-2 Definitions for life settlement contracts

§431C-3 Who needs a license to arrange life settlements

§431C-4 License suspension, revocation, or refusal to renew

§431C-5 Approval needed for life settlement contract forms

§431C-6 Annual reporting and privacy rules for life settlements

§431C-11 State insurance checks on licensees and their records

§431C-12 How insurance examinations are run

§431C-13 Rules for examination reports and responses

§431C-14 Keeping examination information private

§431C-15 Examiner conflicts of interest and special experts

§431C-16 Immunity from liability

§431C-17 Commissioner's power to investigate life settlement fraud

§431C-21 Rules for advertising life settlement policies

§431C-31 Disclosures to owners

§431C-32 Insurance companies can ask about loans used to pay life insurance premiums

§431C-33 Rules for buying life settlement contracts

§431C-34 Buyer's guide must be given to owners

§431C-41 Prohibited practices in life settlements

§431C-42 Fraud in life settlement deals is banned

§431C-43 Fraud warning must be included in life settlement contracts

§431C-44 Reporting Fraudulent Life Settlement Acts

§431C-45 Protection for reporting suspected fraud

§431C-46 Keeping life settlement investigation records confidential

§431C-47 Other agencies can still enforce the law

§431C-48 Rules for stopping life settlement fraud

§431C-49 Courts can stop violations and victims can sue

§431C-50 Penalties for fraud and other violations

§431C-51 Breaking this law is an unfair trade practice

§431C-52 Which state's laws apply to a life settlement contract

§431C-53 Insurance commissioner can make rules for this law