Sentences with phrase «commissioners license the companies»
Many state insurance commissioners license the companies that buy viatical settlement to sell to investors and may have information about a specific company or viatical settlements in general.
https://www.sec.gov/ Not exact matches
D. (1) No license shall be issued unless the commissioner, upon investigation, finds that the financial responsibility, character, and fitness o f the applicant, its owners, its partners if the applicant is a partnership, its members if the applicant is a limited liability company, and its officers and directors if the applicant is a corporation, are such as to warrant a belief that the business will be conducted honestly and fairly within the purposes of this Part.
Many state insurance commissioners and government agencies license the companies that buy viatical settlements to sell to investors.
The life settlement business is commonly regulated by the state's insurance department or the securities commissioner, but it is still good practice to ask the company if it's licensed.