This regulation sets forth the requirements pertaining to: licensing of viatical settlement providers and viatical settlement brokers; viatical settlement contracts and payouts; reporting; examination; marketing; advertising; disclosure; and rules applicable to life insurers which facilitate viatical settlement transactions.
This bulletin requires insurance companies notify the Department of regulatory actions taken by another insurance department against the company, such as the imposition of a fine or penalty, the execution of a consent order, or placing the company in "conservatorship". 30 Legal Actions Involving Other Insurance Departments (3-19-75).
This bulletin construes the Insurance Trade Practices Act to prohibit insurance producers from using terms to identify themselves such as "financial planner" or "estate planner" and other titles which can be misleading unless other appropriate certifications or licenses have been attained. 22 Proper Identification by Insurance Producers (12-16-74)
This bulletin notifies insurers of actions taken by the 1996-1997 Legislative Session which affect insurers doing business in Vermont. 116 Actions of the 1996-1997 Legislative Session Which Affect Insurers Doing Business in Vermont (Sept. 1, 1997).