Alaska Vertical Settlement Disclosure Document Part A is a document that provides detailed information about vertical settlements (also known as life settlements) in the state of Alaska. It is required by the Department of Commerce, Community & Economic Development in order to ensure that individuals are aware of the risks and benefits associated with vertical settlements. Part A of the document explains the basics of vertical settlements, including the types of settlements, the parties involved, and the process for making a settlement. It also outlines the rights and responsibilities of both the policyholder and the vertical settlement provider. There are two types of Alaska Vertical Settlement Disclosure Document Part A: the Standard Disclosure Document and the Consumer Disclosure Document. The Standard Disclosure Document is intended for use by vertical settlement providers, while the Consumer Disclosure Document is provided to policyholders to help them understand the terms of a vertical settlement.
Alaska Viatical Settlement Disclosure Document Part A
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State:
Alaska
Control #:
AK-GEN08-114A
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PDF
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Viatical Settlement Disclosure Document Part A
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A viatical settlement contract is an agreement for the purchase of the death benefit of a life insurance policy. What you get: Instant access to fillable Microsoft Word or PDF forms.69(5)(a) Life settlement contract forms and disclosures. Individual investor must receive a viatical settlement disclosure document that the issuer has completed using the Division's Form VIAD, Part II. Approval of viatical settlement contracts and disclosure statements. The filing must contain a cover letter that clearly explains the form(s) being submitted for review. A financing entity may not enter into a viatical settlement contract. (ii) a life settlement purchaser. (6) "Form" means, in addition to a form as defined in Section 31A-1-301: (a) a life settlement;. For a complete list of authorized viatical settlement providers, brokers, and their representatives, call the Mississippi Department of Insurance.