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The Surety Bond Blog

Category Archives: Viatical Settlement Bonds

Articles and legislative updates about surety bonds needed to legally operate viatical settlement provider services.

06
May
2010

Tennessee Viatical Settlement Provider Bond

The State of Tennessee has implemented new legislation regarding viatical settlement providers. The new law is named HB 2296 and requires viatical settlement brokers and providers to attain some confirmation of financial responsibility; a surety bond is authorized for this. The surety bond must be in a quantity of at least $250,000. HB 2296 authorizes read more »




03
May
2010

Nevada Viatical Settlement Provider Bond

SB 426 is new legislation that was introduced in the State of Nevada concerning viatical settlement providers. The new law requires viatical settlement providers and brokers to acquire a surety bond in a quantity no less than $250,000, cash, certificates of deposit, securities or any amalgamation of these in the amount of $250,000; they also read more »




09
Apr
2010

Minnesota Viatical Settlement Provider Bond

Viatical settlement providers are affected by a new bill in the State of Minnesota. The new bill is referred to as SB 1539 and it re-writes the present bill relating to viatical settlement providers and brokers, who must be licensed, but not bonded. SB 1539 sets a requirement for financial responsibility in relation to licensure, read more »




16
Dec
2009

Indiana Viatical Settlement Providers/Brokers Bond

On 03/21/2008, a new law was put in place on the subject of viatical settlements. The new Indiana state law, titled HB 1379, would have implemented the NAIC model law for viatical settlement providers and brokers. As introduced, the providers and brokers would have had to post a license bond, in which case a surety read more »




13
Dec
2009

Iowa Viatical Settle Provider/Broker Bond

On 03/11/2008, a new law relating to viatical settlements in the state of Iowa was introduced. The new law, SB 2392, permits the Insurance Commissioner to implement rules that oblige viatical settlement providers and brokers to post a surety bond or other financial responsibility. The bill initially would have adopted the NAIC model law, which read more »




13
Nov
2009

Nebraska Viatical Settlement Brokers/Providers Bond

LB 853, a new Nebraska state law, was enacted concerning the proof of financial responsibility from viatical settlement providers. LB 853 requires viatical settlement providers and brokers to supply evidence of financial accountability, which could be in the form of a bond. The surety bond must be $250,000 and be issued by a state authorized read more »