1998 Minnesota Statutes

     60A.973 Advertising standards. 

    Subdivision 1.    Generally.  Advertising by viatical 
 settlement providers or brokers must be truthful and not 
 misleading by fact or implication. 

    Subd. 2.    Average time.  If the advertiser emphasizes 
 the speed with which the viatication will occur, the advertising 
 must disclose the average time frame from completed application 
 to the date of offer and from acceptance of the offer to receipt 
 of the funds by the viator. 

    Subd. 3.    Average purchase price.  If the advertising 
 emphasizes the dollar amounts available to viators, the 
 advertising shall disclose the average purchase prices as a 
 percent of face value obtained by viators contracting with the 
 advertiser during the previous six months. 

    HIST: 1995 c 151 s 14