19 Miss. Code. R. 2-15.05 - Standards for Evaluation of Reasonable Payments

In order to assure that viators receive a reasonable return for viaticating an insurance policy, the following shall be minimum discounts:

Insured's Life Expectancy	Minimum Percentage of Face Value Less Outstanding Loans Received by Viator
Less than 6 months	80%
At least 6 but less than 12 months	70%
At least 12 but less than 18 months	65%
At least 18 but less than 24 months	60%
At least 24 but less than 30 months	55%
At least 30 but less than 42 months	50%

The percentage may be reduced by five percent (5%) for viaticating a policy written by an insurer rated less than the highest [4] categories by A.M. Best, or a comparable ratingby another agency.

Notes

19 Miss. Code. R. 2-15.05

Miss. Code Ann. § 83-7-219 (Rev. 2011)