2016 Delaware Code
Title 18 - Insurance Code
CHAPTER 75. DELAWARE VIATICAL SETTLEMENTS ACT
§ 7505. Reporting requirements and confidentiality.

(a) Each viatical settlement provider shall file with the Commissioner on or before April 1 of each year an annual statement containing such information as the Commissioner by rule may prescribe.

(b) Except as otherwise allowed or required by law, a viatical settlement provider, viatical settlement agent, viatical settlement broker, insurance company, insurance agent, insurance broker, information bureau, rating agency or company, or any other person with actual knowledge of a viator's identity, shall not disclose that identity as a viator to any other person unless the disclosure:

(1) Is necessary to effect a viatical settlement between the viator and a viatical settlement provider and the viator has provided prior written consent to the disclosure;

(2) Is provided in response to an investigation by the Commissioner or any other governmental officer or agency; or

(3) Is a term of or condition to the transfer of a viaticated policy by 1 viatical settlement provider to another viatical settlement provider or disclosures to reinsurers and in similar situations.

72 Del. Laws, c. 132, § 1.;