3.__Standards for disclosure.__An advertisement must comply with standards for disclosure determined by rule by the superintendent.

4.__Applicability. This section applies to any advertisement of settlement contracts or related products or services intended for dissemination in this State, including advertising on the Internet viewed by persons located in this State. If disclosure requirements are established pursuant to federal regulation, this section must be interpreted so as to minimize or eliminate conflict with federal regulation whenever possible.

§6818.__Fraud prevention and control

1.__Fraudulent viatical or life settlement acts prohibited.__ Notwithstanding any other provision of law to the contrary:

A.__A person may not commit a fraudulent viatical or life settlement act;

B.__A person may not knowingly or intentionally interfere with the enforcement of the provisions of this chapter or investigations of suspected or actual violations of this chapter; and

C.__A person in the business of settlements may not knowingly or intentionally permit any person convicted of a crime involving dishonesty or breach of trust to participate in the business of settlements.

2.__Fraud warning required. Settlement contracts and applications for settlements, regardless of the form of transmission, must contain the following statement or a substantially similar statement:__"Any person who knowingly presents false information in an application for insurance or a settlement contract is guilty of a crime and may be subject to fines and confinement in prison." The lack of a statement as required in this subsection does not constitute a defense in any prosecution for a fraudulent viatical or life settlement act.

3.__Mandatory reporting of fraudulent viatical or life settlement acts.__Any person engaged in the business of settlements having knowledge or a reasonable belief that a