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2004 Florida Statutes
Use of viatical settlement licensed brokers, providers, and sales agents required.
626.992 Use of viatical settlement licensed brokers, providers, and sales agents required.--
(1) A licensed viatical settlement provider may not use any person to perform the functions of a viatical settlement broker as defined in this act unless such person holds a current, valid license as a viatical settlement broker. Salaried individuals employed by viatical settlement providers shall engage in viatical settlement broker activities only when accompanied by a viatical settlement broker who holds a current valid license issued under this act. A viatical settlement provider may not use any person to perform the functions of a viatical settlement sales agent unless the person holds a current, valid license as provided in subsection (4).
(2) A licensed viatical settlement broker may not use any person to perform the functions of a viatical settlement provider as defined in this act unless such person holds a current, valid license as a viatical settlement provider.
(3) A viatical settlement sales agent may not use any person to perform the functions of a viatical settlement broker unless such person holds a current, valid license as a viatical settlement broker.
(4) A person may not perform the functions of a viatical settlement sales agent unless licensed as a life agent as defined in s. 626.015 and as provided in this chapter.
History.--s. 11, ch. 96-336; s. 4, ch. 99-212; s. 41, ch. 2002-206.