3E Relating to insurance, enacting and modifying the viatical settlement model act of the national association of insurance commissions; regulating viatical (life insurance) settlements; requiring a provider or broker license; requiring agent licensing; providing for life insurance providers to meet licensing requirements under certain conditions; specifying application to commerce commissioner for agent licensing; specifying disclosure requirements; providing for commissioner investigation provisions; permitting legal entity licensing; requiring consent to service of process; specifying a duty to supplement information and requiring training; providing for license revocation and denial; providing for approval of viatical settlement contracts and disclosure statements; specifying reporting requirements and privacy provisions; specifying application and contract disclosures by providers and brokers; specifying general rules, prohibited practices and conflicts of interest; regulating advertising for viatical settlements and purchase agreements; providing for fraud prevention and control; providing for immunity from liability; providing for unfair trade practices; repealing statutes relating to viatical settlements data, definitions, license requirements, service of process nonresident licensing, license revocation, contract forms approval, reporting requirements, examination, disclosure, general requirements, evaluation of reasonable payments standards evaluation, settlement brokers, advertising standards and unfair trade practices
(me)