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Viatical payment representative setting a person, along with a coverage manufacturer since provided for into the part 508E

23.01.2023 online title loans no store visit  No comments

3, who, performing exclusively on behalf of a good viator and also for a fee, percentage, and other rewarding attention, even offers or attempts to discuss viatical settlement agreements ranging from a great viator and something or more viatical payment team or a minumum of one viatical settlement agents. In spite of the way where in fact the viatical settlement broker try settled, a great viatical settlement agent is regarded as in order to depict just the viator, rather than the fresh new insurer and/or viatical payment seller, and owes good fiduciary responsibility on viator to behave according to your viator’s rules plus an informed attract of viator. “Viatical payment representative” doesn’t come with an attorney, official societal accountant, or a financial planner qualified by the a nationally acknowledged certification institution that is hired so you can show the newest viator and you will whoever settlement try not paid down really or indirectly because of the viatical payment provider or consumer.

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