HOME    SEARCH    ABOUT US    CONTACT US    HELP   
           
Rule: 6.6.8505 Prev     Up     Next    
Rule Title: DISCLOSURE
Add to My Favorites
Add to Favorites
Department: STATE AUDITOR
Chapter: INSURANCE DEPARTMENT
Subchapter: Viatical Settlement Agreements
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

Printer Friendly Version

6.6.8505    DISCLOSURE

(1) A disclosure document containing the disclosures required in 33-20-1311, MCA, and this rule, shall be provided when an application for a viatical settlement contract is taken. 

(2) The disclosure document must contain the following language:

(a) "All medical, financial, or personal information solicited or obtained by a viatical settlement provider or viatical settlement broker about a viator and insured, including the viator and insured's identity or the identity of family members is confidential."

(3) The medical, financial, or personal information solicited or obtained by a viatical settlement provider or viatical settlement broker about a viator and insured may not be disclosed in any form to any person, unless disclosure:

(a) is necessary to effect the viatical settlement between the viator and the viatical settlement provider; and

(b) the viator and insured have provided prior written consent to the disclosure.

(4) The disclosure shall include advising the viator and insured that the information may be provided to financing entities including individual and institutional purchasers.

 

History: 33-20-1315, MCA; IMP, 33-20-1311, MCA; NEW, 2000 MAR p. 3155, Eff. 11/10/00; AMD, 2005 MAR p. 71, Eff. 1/14/05; AMD, 2017 MAR p. 1888, Eff. 10/14/17.


 

 
MAR Notices Effective From Effective To History Notes
6-232 10/14/2017 Current History: 33-20-1315, MCA; IMP, 33-20-1311, MCA; NEW, 2000 MAR p. 3155, Eff. 11/10/00; AMD, 2005 MAR p. 71, Eff. 1/14/05; AMD, 2017 MAR p. 1888, Eff. 10/14/17.
1/14/2005 10/14/2017 History: 33-20-1315, MCA; IMP, 33-20-1311, MCA; NEW, 2000 MAR p. 3155, Eff. 11.10.00; AMD, 2005 MAR p. 71, Eff. 1/14/05.
Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security