3916.02 Viatical settlement provider or broker license.

No person shall operate in this state as a viatical settlement provider or viatical settlement broker without first having obtained a license from the superintendent of insurance and, if different from this state, from the comparable official of the state of residence of the viator. If there is more than one viator on a single policy or certificate and the viators are residents of different states, the viatical settlement shall be governed by the law of the state in which the viator having the largest percentage ownership of the policy or certificate resides or, if the viators hold equal ownership, the state of residence of one viator agreed upon in writing by all viators.

Effective Date: 10-05-2001