Federal Securities Act 1933: Federal regulation that governs viatical settlements as they may be classified as securities, requiring registration and disclosure requirements
Securities Exchange Act 1934: Federal law governing secondary market trading of viatical settlements and related securities
Internal Revenue Code Section 101(g): Federal tax regulation specifying the tax treatment of proceeds from viatical settlements
NAIC Viatical Settlements Model Act: Model legislation providing framework for state regulation of viatical settlements, including licensing, disclosure, and consumer protection provisions
NCOIL Life Settlements Model Act: Alternative model legislation for states regarding the regulation of life and viatical settlements
State Licensing Requirements: State-specific regulations governing licensing of viatical settlement providers, brokers, and third-party administrators
HIPAA Compliance: Federal privacy regulations protecting medical information disclosure in viatical settlement transactions
State Privacy Laws: State-specific regulations governing the protection of personal and medical information in viatical settlements
Consumer Protection Provisions: Regulations including cooling-off periods, anti-fraud measures, and fair market value requirements to protect viators
Required Contract Provisions: Mandatory contractual elements including escrow arrangements, payment terms, and ownership transfer procedures
Disclosure Requirements: Mandatory disclosures regarding financial implications, alternatives, rescission rights, beneficiary impacts, and tax consequences
State Insurance Codes: State-specific regulations governing insurance aspects of viatical settlements
