Current through the 2024 Legislative Session
Section 431C-44 - Mandatory reporting of fraudulent life settlementacts(a) Any person engaged in the business of life settlements having knowledge or a reasonable belief that a fraudulent life settlement act is being, will be, or has been committed shall provide to the commissioner the information required by, and in a manner prescribed by, the commissioner.(b) Any other person having knowledge or a reasonable belief that a fraudulent life settlement act is being, will be, or has been committed may provide to the commissioner the information required by, and in a manner prescribed by, the commissioner.Added by L 2012, c 256, § 1, eff. 7/1/2012.