2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 508E - VIATICAL SETTLEMENT CONTRACTS
508E.11 - PROHIBITED PRACTICES.

        508E.11  PROHIBITED PRACTICES.
         1.  Except as provided in section 508E.12, it is a violation of
      this chapter for any person to enter into a viatical settlement
      contract at any time prior to the application or issuance of a policy
      which is the subject of a viatical settlement contract or within a
      five-year period commencing with the date of issuance of the
      insurance policy or certificate.
         2.  An insurer shall not, as a condition of responding to a
      request for verification of coverage or effecting the transfer of a
      policy pursuant to a viatical settlement contract, require that the
      viator, insured, viatical settlement provider, or viatical settlement
      broker sign any form, disclosure, consent, or waiver form that has
      not been expressly approved by the commissioner for use in connection
      with viatical settlement contracts in this state.
         3.  Upon receipt of a properly completed request for change of
      ownership or beneficiary of a policy, the insurer shall respond in
      writing within twenty days, with written acknowledgment confirming
      that the change has been effected or specifying the reasons why the
      requested change cannot be processed.  The insurer shall not
      unreasonably delay effecting a change of ownership or beneficiary and
      shall not otherwise seek to interfere with any viatical settlement
      contract lawfully entered into in this state.  

         2008 Acts, ch 1155, §11
         Referred to in § 508E.10, 508E.12