Section 8-603 - Registration of providers.
§ 8-603. Registration of providers.
(a) Required.- A person must register with the Commissioner before the person acts as or represents itself as a viatical settlement provider in the State.
(b) Prerequisite for negotiating contracts.-
(1) Except for an individual listed in § 8-601(k)(2) of this subtitle, only an individual who is a viatical settlement broker may negotiate viatical settlement contracts between a viator and one or more settlement providers.
(2) Not later than 30 days after negotiating a viatical settlement contract on behalf of a viator, a viatical settlement broker shall register with the Commissioner in accordance with § 8-604 of this subtitle.
(c) Employees and agents.- Employees and agents of a registered viatical settlement provider or a registered viatical settlement broker may not be required to be separately registered except in accordance with regulations adopted by the Commissioner.
[2004, ch. 275.]