§ 8–605
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 8-605 (2026)
Title 8. Entities That Act as Insurers
Subtitle 6. Viatical Settlement Providers and Viatical Settlement Brokers
§ 8–605LinkCopy Citation
(a)
Notwithstanding the manner in which the viatical settlement broker is compensated, a viatical settlement broker is deemed to represent only the viator and owes a fiduciary duty to the viator to act according to the viator’s instructions and in the best interest of the viator.
(b)
For purposes of this subtitle, a viator may not be limited to an owner or certificate holder of a policy that insures the life of an individual who is terminally ill or chronically ill.