Are viatical settlements subject to regulation?

Written by FreeAdvice Staff

Approximately half of the states have adopted some legislation purporting to regulate viatical settlements involving terminally ill persons, and legislation is being considered in many other states. Sales of policies of persons who do not meet the definition of "terminally ill" are not regulated in most states. At least eight states have adopted insurance or securities legislation dealing in some form with the activities of viatical settlement providers dealing with investors. The states that have legislated protection of viators are not necessarily the same states that have done so for purchasers.

View Related General Questions Articles View the Next FAQ

Didn't find what you were looking for?

Make it Social

Viaticals