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Home » US Law » 2022 Ohio Revised Code » Title 39 | Insurance » Chapter 3916 | Viatical Settlements Model Act » Section 3916.04 | Broker Deemed to Represent Viator – Fiduciary Duty.

Effective: October 5, 2001

Latest Legislation: House Bill 551 – 123rd General Assembly

Irrespective of the manner in which the viatical settlement broker is compensated, a viatical settlement broker is deemed to represent only the viator and owes a fiduciary duty to the viator to act according to the viator’s instructions and in the best interest of the viator.