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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>76487</law_id><section_number>38.2-6003</section_number><catch_line>Approval of viatical settlement contracts and disclosure statements</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="60">Viatical Settlements Act</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A <span class="dictionary">person</span> shall not use a <span class="dictionary">viatical settlement contract</span> or provide to a <span class="dictionary">viator</span> a <span class="dictionary">disclosure statement</span> form in this Commonwealth unless filed with and approved by the <span class="dictionary">Commission</span> in accordance with procedures set forth in &#xA7; <a class="law" title="Policy forms to be filed with Commission; notice of approval or disapproval; exceptions" href="/38.2-316/">38.2-316</a>. In the absence of more specific regulation or rules promulgated by the <span class="dictionary">Commission</span> for the <span class="dictionary">business of viatical settlements</span>, standards and requirements of general application set forth in &#xA7; <a class="law" title="Policy forms to be filed with Commission; notice of approval or disapproval; exceptions" href="/38.2-316/">38.2-316</a> and rules promulgated thereunder shall be deemed applicable to <span class="dictionary"><span class="dictionary">viatical settlement contracts</span></span> and <span class="dictionary">disclosure statement</span> forms, required by this chapter. <a id="paragraph-274549" class="section-permalink" href="https://vacode.org/38.2-6003/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> At the <span class="dictionary">Commission</span>&#x2019;s discretion, the <span class="dictionary">Commission</span> may require the submission of <span class="dictionary">advertising</span> <span class="dictionary">material</span> used or intended for use in this Commonwealth. <a id="paragraph-274550" class="section-permalink" href="https://vacode.org/38.2-6003/#B"><i class="fa fa-link"/></a></p></section></text><history>1997, c. 814, &#xA7; 38.2-5704; 2003, c. 717.</history><metadata></metadata></law>
