E.__A financing entity;

F.__A special purpose entity;

G.__A related provider trust; or

H.__An accredited investor or qualified institutional buyer as defined respectively in Regulation D, Rule 501 and Rule 144A of the Federal Securities Act of 1933, as amended, and who acquires a policy from a settlement provider.

12.__Special purpose entity.__"Special purpose entity" means a corporation, partnership, trust, limited liability company or__ similar entity formed solely to provide either directly or indirectly access to institutional capital markets for a financing entity or licensed settlement provider.

13.__Terminally ill.__"Terminally ill" means having an illness or sickness that can reasonably be expected to result in death within 24 months or less.

14. Viator.__"Viator" means a person who assigns, transfers, sells, devises or bequeaths or seeks to assign, transfer, sell, devise or bequeath a death benefit or ownership of a life insurance policy or certificate under a settlement contract. "Viator" does not include:

A.__A settlement provider licensed under this chapter;

B.__An accredited investor or qualified institutional buyer as defined respectively in Regulation D, Rule 501 and Rule 144A of the Federal Securities Act of 1933, as amended;

C.__A financing entity;

D.__A special purpose entity; or

E.__A related provider trust.

Sec. 6. 24-A MRSA §6803, as amended by PL 1997, c. 592, §§76 to 80, is further amended to read:

§6803. Settlement provider and producer license; license

requirements