2016 Delaware Code
Title 18 - Insurance Code
CHAPTER 75. DELAWARE VIATICAL SETTLEMENTS ACT
§ 7509. Authority to promulgate regulations.

The Commissioner shall have the authority to:

(1) Promulgate regulations implementing this chapter;

(2) Establish standards for evaluating reasonableness of payments under viatical settlement contracts. This authority includes, but is not limited to, regulation of discount rates used to determine the amount paid in exchange for assignment, transfer, sale, devise or bequest of a benefit under a life insurance policy;

(3) Require a bond or other mechanism for financial accountability for viatical settlement providers; and

(4) Adopt rules governing the relationship and responsibilities of insurers and viatical settlement providers, brokers and agents during the viatication of a life insurance policy or certificate.

72 Del. Laws, c. 132, § 1.;