N.M. Admin. Code § 13.9.15.12 - PAYMENT OF PROCEEDS
A. A
trustee or escrow agent shall pay the proceeds of a viatical settlement made
pursuant to NMSA 1978 Section 59A-20A-9D by means of wire transfer to the
account of the viator or by certified check or cashier's check made payable to
the viator.
B. A viatical
settlement provider shall pay the proceeds of a viatical settlement to the
viator in a lump sum except where the viatical settlement provider has
purchased an annuity or similar financial instrument issued by a licensed
insurance company or bank, or an affiliate of either. Neither the viatical
settlement provider nor the escrow agent may retain a portion of the
proceeds.
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