LD 1907
pg. 13
Page 12 of 38 PUBLIC Law Chapter 636 Page 14 of 38
Download Chapter Text
LR 2724
Item 1

 
A viatical settlement provider or independent viatical
producer person may not use any contract, disclosure statement or
application form in with a viator who is a resident of this State
when dealing with a viator unless it has been filed with and
approved by the superintendent, pursuant to sections 2412 and
2413. The superintendent shall disapprove a settlement contract
form or disclosure statement form if, in the superintendent's
opinion, the contract or provisions contained therein are
unreasonable, contrary to the interests of the public or
otherwise misleading or unfair to the viator.__All such forms
must be approved or denied by the superintendent within 60
calendar days following receipt of submission by the
superintendent.

 
Sec. 9. 24-A MRSA §6806, as amended by PL 1997, c. 592, §81, is
further amended to read:

 
§6806. Reporting requirements; confidentiality of information

 
1. Annual report. A settlement provider licensee shall file
with the superintendent by March 1st of each year an annual
statement containing such information as the superintendent
prescribes by rule. The superintendent may not adopt any rule
that requires the submission of information that permits the
identification of a viator or relates to transactions when the
viator is not a resident of this State. The superintendent may
not request, collect or compile personal information that
identifies any viator or insured except in connection with the
investigation of a specific complaint and with the prior written
permission of the viator or insured or the viator's or insured's
estate or representative to collect that information.

 
1-A. Fee for filing annual report. The fee for filing the
annual report is the same as for an insurer as provided in
section 601. On or before July 1st of each year, the
superintendent shall forward to each viatical settlement provider
an itemized bill for the amount due for the filing of the annual
statement and the amount due for the certificate of authority
annual fee.

 
2. Privacy protection. Except as otherwise required or
permitted by law, a viatical settlement provider, viatical
settlement producer, independent viatical producer, institutional
investor, insurance company, insurance producer, independent
insurance producer, information bureau, rating company or any
other person with actual knowledge of the identity of a viator,
or of the insured if other than the viator, may not disclose that
identity, or the insured's financial or medical information, to
any other person unless the viator, or the insured if other than


Page 12 of 38 Top of Page Page 14 of 38
Related Pages
  Search Bill Text Legislative Information
Bill Directory Search
Bill
Status
Session Information
119th Legislature Bills Maine Legislature

Office of Legislative Information
100 State House Station
Augusta, ME 04333
voice: (207) 287-1692
fax: (207) 287-1580
tty: (207) 287-6826
Word Viewer for Windows Disclaimer