Section 3701.30  Filing Procedures for Viatical Settlement Providers

a)         Forms Review.  Each viatical settlement provider shall file with the Director for approval each new viatical settlement provider form before it is issued or delivered.  Each filing shall be submitted directly through SERFF. The filing shall include each of the following:

1)         A letter of submission giving a detailed description of the purpose for the viatical settlement provider forms and the manner in which they will be marketed;

2)         The viatical settlement provider forms. The text of each viatical settlement provider form shall reflect the bracketing of any appropriate variable material.  The form number shall appear in the lower left-hand corner of the policy form to be approved and shall not exceed 30 characters. 

b)         Filing Fee.  The viatical settlement provider shall pay $50 per form as provided for in Section 408 of the Code.  Billable forms are viatical settlement contracts and applications. 

(Source:  Added at 39 Ill. Reg. 4975, effective March 23, 2015)