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The Florida Senate

2001 Florida Statutes

SECTION 992
Use of viatical settlement licensed brokers, providers, and sales agents required.
Section 626.992, Florida Statutes 2001

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.