Section 8-603 - Registration of providers. - Maryland Statutes

§ 8-603. Registration of providers.
 

(a)  Required.- A person must register with the Commissioner before the person acts as or represents itself as a viatical settlement provider in the State. 

(b)  Prerequisite for negotiating contracts.-  

(1) Except for an individual listed in § 8-601(k)(2) of this subtitle, only an individual who is a viatical settlement broker may negotiate viatical settlement contracts between a viator and one or more settlement providers. 

(2) Not later than 30 days after negotiating a viatical settlement contract on behalf of a viator, a viatical settlement broker shall register with the Commissioner in accordance with § 8-604 of this subtitle. 

(c)  Employees and agents.- Employees and agents of a registered viatical settlement provider or a registered viatical settlement broker may not be required to be separately registered except in accordance with regulations adopted by the Commissioner. 
 

[2004, ch. 275.]