                                 CODE OF VIRGINIA

APPROVAL OF VIATICAL SETTLEMENT CONTRACTS AND DISCLOSURE STATEMENTS (§
38.2-6003)

A. A person shall not use a viatical settlement contract or provide to a viator
a disclosure statement form in this Commonwealth unless filed with and approved
by the Commission in accordance with procedures set forth in &#xA7; 38.2-316. In
the absence of more specific regulation or rules promulgated by the Commission
for the business of viatical settlements, standards and requirements of general
application set forth in &#xA7; 38.2-316 and rules promulgated thereunder shall
be deemed applicable to viatical settlement contracts and disclosure statement
forms, required by this chapter.

B. At the Commission&#8217;s discretion, the Commission may require the
submission of advertising material used or intended for use in this
Commonwealth.

HISTORY: 1997, c. 814, § 38.2-5704; 2003, c. 717.