Isn a viatical settlement contract simply another form of insurance investment?
No, because viatical settlement investments are securities under the California securities law. Although a federal circuit court in one case called Life Partners found that a particular viatical investment offered was not a security, that case is not binding in California state courts. SB 1837 specifically defined “viatical settlement contract or a fractionalized or pooled interest therein” as a security under California law.
Related Questions
- What happens when a party with whom we contract refuses to accept our certificate of insurance and requests a special form, copy of our policy, or other type of endorsement?
- Isn a viatical settlement contract simply another form of insurance investment?
- Where can I obtain a new contract or extension form?
