<?xml version='1.0' encoding='utf-8'?>
<chapter num="11" heading="Viaticals" title_num="31" subtitle_num="09">
  <regulation prefix="Regulation" num=".01" heading="Verification of Coverage for Life Insurance Policies.">
    <paragraph num="A.">
      <text>An insurer shall respond to a request for verification of coverage submitted by a viatical settlement provider or a viatical settlement broker within 30 days after the request is received.</text>
    </paragraph>
    <paragraph num="B.">
      <text>The request by the viatical settlement provider or viatical settlement broker shall include all items required by Insurance Article, §8-610.1(a), Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="C.">
      <text>An insurer may charge a fee as set forth in Insurance Article, §8-610.1(b), Annotated Code of Maryland.</text>
    </paragraph>
  </regulation>
  <regulation prefix="Regulation" num=".02" heading="Form.">
    <paragraph num="A.">
      <text>The “Verification of Coverage for Life Insurance Policies” form adopted by the Commissioner under §B of this regulation shall be used.</text>
    </paragraph>
    <paragraph num="B.">
      <text>The form required in §A of this regulation shall read as follows:</text>
    </paragraph>
  </regulation>
  <annotations>
    <annotation type="Authority">Insurance Article, §§2-209 and 8-610.1, Annotated Code of Maryland;Ch. 146, Acts of 2006</annotation>
    <annotation type="History" subtype="Administrative History">Effective date: March 12, 2007 (34:5 Md. R. 562)</annotation>
  </annotations>
</chapter>