NOTICE OF ADOPTION - Chapter 76, Viatical Settlements
To: All Insurance Viatical Settlement Providers, Viatical Settlement Brokers, and Life Insurers
Amendments to Chapter 76 of the Insurance Department Rules and Regulations were filed with the Secretary of State for adoption May 6, 2016 wit an effective date of May 11, 2016.
Chapter 76 entitled, "Viatical Settlements" establishes rules implementing the Nebraska Viatical Settlements Act. The amendments to Chapter 76 implements changes made to the Viatical Settlements Act by the Nebraska Legislature, as well as changes in model reporting forms made to the National Association fo Insurance Commissioners model regulation on which Chapter 76 is based. The amendments will affect all viatical settlement providers, viatical settlement brokers, and life insurers.
Copies of Chapter 76 are available for public examination at the Department of Insurance, 941 "O" Street, Suite 400, Lincoln, NE 68508, as well as the Office of the Secretary of State, State Capitol Building, Room 343, Lincoln, NE 68509, the Secretary of State's website at www.sos.nebraska.gov and through the Department of Insurance's website at www.doi.nebraska.gov. Any questions concerning Chapter 76 should be directed to Matthew Holman.