N.J. Admin. Code § 11:4-35.13

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:4-35.13 - Viatical settlement provider/broker/representative conduct

(a) A viatical settlement provider, viatical settlement broker or viatical settlement representative shall not discriminate in the making or solicitation of viatical settlements on the basis of race, age, sex, national origin, creed, religion, occupation, marital or family status or sexual orientation, or discriminate between viators with dependents and without.

(b) A viatical settlement provider, viatical settlement broker or viatical settlement representative shall not pay or offer to pay any finder's fee, commission or other compensation to any insured's physician, or to an attorney, accountant or other person providing medical, legal or financial planning services to the viator, or to any other person acting as an agent of the viator with respect to the viatical settlement.

(c) A viatical settlement provider shall not knowingly solicit investors who have treated or have been asked to treat the illness of the insured whose coverage would be the subject of the investment.

(d) A license viatical settlement provider or broker corporation may conduct its business only through its members, officers, designated employees or appointed representatives and is responsible for the activities of such members, officers, designated employees and appointed representatives.

N.J. Admin. Code § 11:4-35.13