§ 3843. General rules
§ 3843. General rules (a)(1) A life settlement provider entering into a life settlement contract shall first obtain: (A) if the policy owner is the insured, a written statement from a licensed attending physician that the policy owner is of sound mind and under no constraint or undue influence to enter into a life settlement […]
§ 3844. Prohibited practices
§ 3844. Prohibited practices (a) It is a violation of this subchapter for any person to: (1) Commit any fraudulent life settlement acts. (2) Enter into any practice, agreement, arrangement, or transaction which results in or is intended to result in the issuance of stranger-originated life insurance or STOLI. (3) Enter, within a five-year period […]
§ 3845. Prohibited practices and conflicts of interest
§ 3845. Prohibited practices and conflicts of interest (a) With respect to any life settlement contract or insurance policy, no life settlement broker shall solicit an offer from, effectuate a life settlement with, or make a sale to any life settlement provider, financing entity, or related provider trust that is controlling, controlled by, or under […]