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Terms Used In Indiana Code 27-8-19.8-16

  • applicant: refers to a person that applies for a viatical settlement provider license under this chapter. See Indiana Code 27-8-19.8-1
  • department: refers to the department of insurance. See Indiana Code 27-8-19.8-2
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • viatical settlement provider: means a person, other than a viator, that:

    Indiana Code 27-8-19.8-5

   Sec. 16. The department may at any time require a viatical settlement provider or an applicant for a license to disclose fully the identity of all of the viatical settlement provider‘s or applicant’s officers, employees, partners, and stockholders.

As added by P.L.130-1994, SEC.47 and P.L.116-1994, SEC.70. Amended by P.L.32-1998, SEC.18.