Home Table of Contents

§ 626.11. Responsibility of department

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: December 31, 2002

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 2. Insurance Companies (Refs & Annos)
Article IV-a. Life and Endowment Insurance and Annuities
Viatical Settlements Act (Refs & Annos)
Effective: December 31, 2002
40 P.S. § 626.11
§ 626.11. Responsibility of department
Currentness
The commissioner may:
(1) Promulgate regulations pursuant to this act.
(2) Establish standards for evaluating reasonableness of payments under viatical settlement contracts.
(3) Establish appropriate licensing requirements and standards for continued licensure for viatical settlement providers and brokers.
(4) Adopt rules governing the duties and responsibilities of insurers, viatical settlement providers and brokers during the viatication of a life insurance policy or certificate.
(5) Adopt rules governing advertising by viatical settlement providers and viatical settlement brokers.

Credits

2002, July 4, P.L. 699, No. 107, § 11, effective in 180 days.
40 P.S. § 626.11, PA ST 40 P.S. § 626.11
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document