Section 3 AAC 31.325 - Scope of license(a) A viatical settlement broker may not be an agent for, or employee of, a viatical settlement provider.(b) A viatical settlement broker who offers or attempts to negotiate a viatical settlement contract shall act according to the viator's instructions and in the best interest of the viator or insured and not the viatical settlement provider or any other person.(d) A licensee may operate only within the scope of the license the person applied for and received.(e) A firm shall have a firm license of the same scope as each individual employee of the firm.(f) Except as provided in 3 AAC 31.305, each individual employee of a firm must be licensed in this state.Eff. 8/25/2002, Register 163; am 10/13/2011, Register 200In 2010 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 21.89.110 as AS 21.96.110. As of Register 196 (January 2011), the regulations attorney made a conforming technical revision under AS 44.62.125(b)(6), to the authority citation that follows 3 AAC 31.325, so that the citation to former AS 21.89.110 now refers to the renumbered statute, AS 21.96.110.
Authority:AS 21.06.090
AS 21.96.110