Part 3701 - VIATICAL SETTLEMENT PROVIDER AND BROKER REQUIREMENTS

  1. § 3701.10 - Purpose
  2. § 3701.20 - Definitions
  3. § 3701.30 - Filing Procedures for Viatical Settlement Providers
  4. § 3701.40 - Filing Procedures for Viatical Settlement Brokers
  5. § 3701.50 - Standards for Evaluation of Reasonable Payments for Terminally or Chronically Ill Insureds
  6. § 3701.60 - General Rules
  7. § 3701.70 - Prohibited Practices
  8. § 3701.80 - Insurance Company Practices
  9. § 3701.100 - Reporting Requirements
  10. Exhibit A - Viatical Settlement Provider Report and Instructions - All States and Territories (Form VSP-001), version 27
  11. Exhibit B - Viatical Settlement Broker Report and Instructions - All States and Territories (Form VSB-001), version 13
  12. Exhibit C - Viatical Settlement Provider Report and Instructions - Illinois Transactions Only (Form VSP-002), version 8
  13. Exhibit D - Viatical Settlement Broker Report and Instructions - Illinois Transactions Only (Form VSB-002), version 5
  14. Exhibit E - Individual Mortality Report and Instructions - Illinois Transactions Only (Form VSP-003), version 4
  15. Exhibit F - Viatical Settlement Provider Certification (Form VSP-004), version 3
  16. Exhibit G - Viatical Settlement Broker Certification (Form VSB-004), version 4
  17. Exhibit H - Verification of Coverage for Life Insurance Policies, version 4

Notes

Former Part 5701 (Internal Security Standard and Fidelity Bonds) filed October 15, 1971; amended at 2 Ill. Reg. 29, p. 161, effective July 17 1978; codified at 7 Ill. Reg. 904; recodified to 50 Ill. Adm. Code 5460 at 20 Ill. Reg. 6593; transferred from the Department of Insurance to the Department of Financial and Professional Regulation pursuant to Executive Order 2004-6 on July 1, 2004; new Part 5701 adopted at 30 Ill. Reg. 6376, effective April 3, 2006; recodified from the Department of Financial and Professional Regulation to the Department of Insurance pursuant to Executive Order 2009-04 at 38 Ill. Reg. 17504; amended at 39 Ill. Reg. 4975, effective March 23, 2015; amended at 39 Ill. Reg. 16161, effective December 3, 2015; recodified from 50 Ill. Adm. Code 5701 to 50 Ill. Adm. Code 3701 at 42 Ill. Reg. 16457.

AUTHORITY: Implementing and authorized by the Viatical Settlements Act of 2009 [ 215 ILCS 159 ].

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