Part III - LIFE SETTLEMENTS

Section 38a-465 - Definitions
Section 38a-465a - Licensing of life settlement providers and brokers
Section 38a-465b - Denial, suspension or revocation of license. Refusal to renew license. Appeals
Section 38a-465c - Contract form and disclosure statements. Filing and approval requirements. Disclosure of life settlement contract availability and lawful assignment not to be prohibited
Section 38a-465d - Annual statements. Penalty. Confidentiality of insured's information. Reasons for disclosure of insured's identity
Section 38a-465e - Examination of licensees and applicants. Commissioner's access to records. Retention of records. Expenses of examination. Confidentiality of examination workpapers and reports
Section 38a-465f - Required disclosures
Section 38a-465g - Prerequisites to a life settlement contract wherein insured is terminally or chronically ill. Medical release and confidentiality of medical information. Verification of coverage. Notice to insurer. Change of ownership or beneficiary. Rescission. Escrow agent or trustee. Broker fee calculation and disclosure of compensation. Prohibitions. Exemptions
Section 38a-465h - Premium finance loans. Disclosures and certifications
Section 38a-465i - Violations
Section 38a-465j - Fraudulent life settlement acts prohibited. Confidentiality of documents and evidence. Antifraud plans
Section 38a-465k - Injunctions. Cease and desist orders. Damages
Section 38a-465l - Penalties
Section 38a-465m - Regulations. Imposition of bond or other mechanism as proof of financial accountability. Conflict of laws
Section 38a-465n - Life settlement advertisements
Section 38a-465o - Life settlement broker deemed to represent only the owner. Fiduciary duty to owner
Section 38a-465p - Provider or broker lawfully transacting business in the state or person lawfully negotiating life settlement contracts prior to October 1, 2008
Section 38a-465q - Related provider trusts
Section 38a-466 to 38a-468 - Reserved for future use