The Florida Senate

626.99275  Prohibited practices.--It is unlawful for any person:

(1)  To knowingly enter into a viatical settlement contract the subject of which is a life insurance policy that was obtained by means of a false, deceptive, or misleading application for the life insurance policy.

(2)  In the solicitation or sale of a viatical settlement purchase agreement:

(a)  To employ any device, scheme, or artifice to defraud;

(b)  To obtain money or property by means of an untrue statement of a material fact or by any omission to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or

(c)  To engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon a person.

History.--s. 11, ch. 99-212.