lifeins ch.3 - Viator means the owner of a life insurance...

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Viator means the owner of a life insurance policy who enters into or seeks to enter into a viatical settlement contract. An insurable interest must exist at the time the policy is issued. Some relationships are automatically presumed to qualify as an insurable interest, e.g., spouses, parents, children and certain business relationships. In most other cases, the burden is on the applicant to show that an insurable interest exists. If an applicant for a life insurance policy and person to be insured by the policy are two different people, the underwriter would be concerned about…. . Whether an insurable interest exists between the individuals. INSURANCE REGULATIONS The Insurance Commissioner may examine the affairs of any HMO, including the quality of health care services as often as necessary, but not less frequent than once every Three years. . Both consumer reports and investigative consumer reports provide additional information from an outside source about a customer's character and reputation, and both types of reports are used under the Fair Credit Reporting Act. The main difference is that the information for investigative consumer reports is obtained through an investigation and interviews with associates, friends and neighbors of the consumer. All admitted insurers must be a member of the Insurance Guaranty Association as a condition of their
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lifeins ch.3 - Viator means the owner of a life insurance...

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