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House debates HB 4 to license and regulate viatical settlements
Utah House of Representatives · January 22, 2003
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Summary
Representative Brent D. Parker said HB 4 would create licensing and disclosure requirements for viatical settlements to protect consumers, following models already adopted in about 30 other states; several members supported the bill citing consumer benefits.
Representative Brent D. Parker introduced House Bill 4 as legislation to provide licensing and disclosure standards for viatical settlements. Parker said viatical settlements—where a life insurance policyholder sells a portion of an insurance death benefit to an investor—originated in prior years and…
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