C.__An agreement with a viator to transfer ownership or change the beneficiary designation at a later date regardless of the date that compensation is paid to the viator.

For purposes of this chapter, the individual insured who is the subject of the insurance policy or certificate of insurance does not have to be diagnosed as terminally ill or chronically ill at the time a settlement contract is executed.

10. Settlement producer.__"Settlement producer" means any person who has life insurance producer authority, who acts or aids in any manner in the soliciting of a settlement on behalf of a viator and for a fee, commission or other valuable consideration offers or attempts to negotiate settlement contracts between a viator and one or more settlement providers.__ "Settlement producer" does not include an attorney, accountant, financing entity or person exercising a power of attorney granted by the viator retained to represent the viator and whose compensation is paid solely by the viator without regard to whether the settlement is effected. "Settlement producer" does not include a credit union or an employer or association that makes its employees or members aware of settlement contracts.__ Irrespective of the manner in which the settlement producer is compensated, a settlement producer is deemed to represent only the interests of the viator and owes a fiduciary duty to the viator.

11. Settlement provider.__"Settlement provider" means a person other than the viator that enters into or effectuates a settlement contract.__"Settlement provider" does not include:

A.__A supervised lender, as defined in Title 9-A, section 1- 301, subsection 39, that takes an assignment of a life insurance policy as collateral for a loan;

B.__The issuer of a life insurance policy providing accelerated benefits under section 2555 and pursuant to the contract;

C.__An authorized or eligible insurer that provides stop- loss coverage to a settlement provider, purchaser, financing entity, special purpose entity or related provider trust;

D.__A viator's friend or family member or other natural person who enters into no more than one agreement in a