Or. Admin. Code § 836-014-0263 - Request to Insurer for Verification of Coverage
(1) The life settlement provider or broker
shall submit in writing a request for verification of coverage from the insurer
on the status of the life insurance policy or certificate of a policyholder.
The request shall be in the form illustrated on the Division of Financial
Regulation website, or a similar form approved by the director and shall be
accompanied by an instruction executed by the policyholder or certificate
holder authorizing the insurer to release the specified information referred to
in this section to the life settlement provider or to the life settlement
broker.
(2) A life settlement
provider or broker who submits a request under section (1) of this rule must
state in the request that the provider or broker is licensed as a life
settlement provider in this state and must disclose its license
number.
Notes
Statutory/Other Authority: ORS 731.244, 744.331 & 744.358
Statutes/Other Implemented: ORS 744.326, 744.328, 744.331, 744.341, 744.358 & Or Laws 2009, ch 711, sec 13
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