| (a) Who can verify health status. Only a licensed life
settlement broker, licensed life settlement provider, or authorized
representative of a licensed life settlement broker or licensed life
settlement provider may contact an insured to determine the insured's
health status or to verify the insured's address.
(b) Written delegation. An authorized representative
must have a written authorization from a licensed life settlement
broker or provider to be an authorized representative. An authorized
representative must agree in writing to adhere to the privacy provisions
in Insurance Code Chapter 1111A.
|
