The Florida Senate

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. 626.051 and as provided in this chapter.

History.--s. 11, ch. 96-336; s. 4, ch. 99-212.