2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 508E - VIATICAL SETTLEMENT CONTRACTS
508E.5 - APPROVAL OF VIATICAL SETTLEMENT CONTRACTS AND DISCLOSURE STATEMENTS.

        508E.5  APPROVAL OF VIATICAL SETTLEMENT CONTRACTS AND
      DISCLOSURE STATEMENTS.
         A person shall not use a viatical settlement contract form or
      provide to a viator a disclosure statement form in this state unless
      first filed with and approved by the commissioner.  The commissioner
      shall disapprove a viatical settlement contract form or disclosure
      statement form if, in the commissioner's opinion, the contract or
      provisions contained therein fail to meet the requirements of
      sections 508E.8, 508E.10, 508E.14, and 508E.15, subsection 2, or are
      unreasonable, contrary to the interests of the public, or otherwise
      misleading or unfair to the viator.  At the commissioner's
      discretion, the commissioner may require the submission of
      advertising material.  The commissioner's approval of any of the
      materials shall not be a defense or otherwise preclude a civil action
      for fraud.  
         Section History: Recent Form
         2008 Acts, ch 1155, §5

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