Utah Administrative Code (Current through November 1, 2019) |
R590. Insurance, Administration |
R590-222. Life Settlements |
R590-222-9. Standards for Evaluation of Reasonable Payments
Latest version.
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The life settlement provider is responsible for assuring that the net proceeds from the life settlement exceed the benefits that are available at the time of the life settlement under the terms of the policy including cash surrender, long-term care, and accelerated death benefits.