LD 1907
pg. 15
Page 14 of 38 PUBLIC Law Chapter 636 Page 16 of 38
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LR 2724
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applicant is acting or has acted in violation of this chapter or
rules adopted under this chapter. The expenses incurred in
conducting an examination must be paid by the licensee or
applicant.

 
1-A.__Examinations.__The superintendent may conduct
examinations in accordance with this subsection.

 
A.__The superintendent may conduct an examination under this
chapter of a licensee as often as the superintendent in the
superintendent's sole discretion considers appropriate.

 
B.__For purposes of completing an examination of a licensee
under this chapter, subject to the provisions of section
6806, the superintendent may examine or investigate any
person, or the business of any person, insofar as the
examination or investigation is, in the sole discretion of
the superintendent, considered necessary or material to the
examination of the licensee.

 
C.__In lieu of an examination under this chapter of any
foreign or alien licensee licensed in this State, the
superintendent may, at the superintendent's discretion,
accept an examination report on the licensee as prepared by
the superintendent of insurance for the licensee's state of
domicile or port-of-entry state.

 
2. Confidential information. Names and individual
identification data for all viators are confidential information
and may not be disclosed by the superintendent unless required by
law.

 
3. Records. Records of all viatical settlement transactions
must be maintained by the settlement provider licensee and,
subject to the provisions of section 6806, must be available to
the superintendent for 3 years after policy maturity for
inspection during reasonable business hours in accordance with
this subsection.

 
A.__A settlement provider required to be licensed by this
chapter shall retain for 5 years copies of all:

 
(1)__Proposed, offered or executed settlement
contracts, settlement purchase agreements, underwriting
documents, policy forms and applications from the date
of the proposal, offer or execution of the settlement
contract or settlement purchase agreement, whichever is
later;


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