1998 Minnesota Statutes

     60A.967 Reporting requirements. 

    Each licensee shall file with the commissioner on or before 
 March 1 of each year an annual statement containing the 
 following information for the previous calendar year: 

    (1) for each policy viaticated, the date that the viatical 
 settlement was entered into; the life expectancy of the viator 
 at the time of the contract; the face amount of the policy; the 
 amount paid by the viatical settlement provider to viaticate the 
 policy; and if the viator has died, the date of death and the 
 total insurance premiums paid by the viatical settlement 
 provider to maintain the policy in force; 

    (2) a breakdown of applications received, accepted, and 
 rejected, by disease category; 

    (3) a breakdown of policies viaticated by issuer and policy 
 type; 

    (4) the number of secondary market versus primary market 
 transactions; 

    (5) the portfolio size; and 

    (6) the amount of outside borrowings. 

    HIST: 1995 c 151 s 8