18 N.C. Admin. Code 06A .1320 - VIATICAL SETTLEMENT CONTRACT SUITABILITY REQUIREMENTS
(a) Suitability Standards. Sales of viatical
settlement contracts may be made only to either accredited investors as defined
in
17 C.F.R.
230.501(a), (and as
subsequently amended) or to qualified institutional buyers as defined in 17
C.F.R. 230. 144A, (and as subsequently amended).
(b) Limit on Size of Investment. The amount
of the investment of any purchaser may not exceed five percent of the net worth
of that purchaser.
(c) The
administrator may require higher investor suitability standards with respect to
a particular security offering or transaction where necessary for the
protection of investors.
Notes
Temporary Adoption Eff. April 1, 2002;
Eff. April 1, 2003.
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