| | | A.__The affiliation, if any, between the settlement provider | | and the issuer of the insurance policy to be acquired | | pursuant to a settlement contract; |
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| | | B.__The name, address and telephone number of the settlement | | provider; |
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| | | C.__If an insurance policy to be purchased has been issued | | as a joint policy or involves family riders or any coverage | | of a life other than the insured's under the policy to be | | purchased, information regarding the possible loss of | | coverage on the other lives under the policy and advice to | | consult with the viator's insurance producer or the insurer | | issuing the policy for advice on the proposed settlement; |
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| | | D.__The dollar amount of the current death benefit payable | | to the settlement provider under the policy or certificate. | | If known, the settlement provider shall also disclose the | | availability of any additional guaranteed insurance | | benefits, the dollar amount of any accidental death and | | dismemberment benefits under the policy or certificate and | | the settlement provider's interest in those benefits; and |
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| | | E.__The name, business address and telephone number of the | | independent 3rd-party escrow agent and the fact that the | | viator may inspect or receive copies of the relevant escrow | | or trust agreements or documents. |
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| | | 3.__Notice of change in ownership or beneficiary. If the | | settlement provider transfers ownership or changes the | | beneficiary of the insurance policy, the settlement provider | | shall communicate the change in ownership or beneficiary to the | | insured within 20 days after the change. |
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| | | Sec. 12. 24-A MRSA §6809, as amended by PL 2003, c. 320, §1, is | | further amended to read: |
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| | | §6809. General provisions for settlement contracts |
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| | | 1. Prior conditions. A viatical settlement provider entering | into a viatical settlement contract with a viator shall first | | obtain: |
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| | | A. If the viator is the insured, a written statement from a | | licensed attending physician that the viator is of sound | | mind and under no constraint or undue influence to enter | | into a settlement contract; |
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| | B. A Prior to or at the time of execution of the | | settlement contract, a witnessed document in which the |
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