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Maryland Code, Insurance § 8-605

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(a) Notwithstanding the manner in which the viatical settlement broker is compensated, a viatical settlement broker is deemed to represent only the viator and owes a fiduciary duty to the viator to act according to the viator's instructions and in the best interest of the viator.

(b) For purposes of this subtitle, a viator may not be limited to an owner or certificate holder of a policy that insures the life of an individual who is terminally ill or chronically ill.

Cite this article: FindLaw.com - Maryland Code, Insurance § 8-605 - last updated December 31, 2021 | https://codes.findlaw.com/md/insurance/md-code-insurance-sect-8-605/


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