Utah Admin. Code 590-222-9

Current through Bulletin 2024-19, October 1, 2024
Section R590-222-9 - Standards for Evaluation of Reasonable Payments

A life settlement provider shall guarantee that the net proceeds from the life settlement exceed the benefits available at the time of the life settlement under the terms of the policy including cash surrender, long-term care, and accelerated death benefits.

Utah Admin. Code R590-222-9

Amended by Utah State Bulletin Number 2023-15, effective 7/25/2023