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1999 Florida Statutes
Viators with dependent children.
1626.993 Viators with dependent children.--
(1) Before a viatical settlement provider may enter into a viatical settlement with a viator, the viatical settlement provider must ascertain if the viator has any dependent children. If the viator has any dependent children, the viator may not viaticate more than 50 percent of the face value of the policy.
(2) A contract entered into with a viator who is a resident of a state other than Florida which has not enacted statutes or promulgated regulations governing viatical settlement contracts is not subject to this section.
History.--s. 21, ch. 96-336; ss. 14, 15, ch. 99-212.
1Note.--Section 15, ch. 99-212, provides that "[s]ection 626.993, Florida Statutes, as amended by this act, is repealed June 1, 2000."